I am hoping to complete my purchase in Stoke Park next Tuesday. My solicitor now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What risks does the mortgage company expect the insurance to cover?

Any lawyer on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook requirements. These obligations are not specific to conveyancing in Stoke Park.

Can you explain why leasehold purchase conveyancing in Stoke Park costs more?

The conveyancing fees on a leasehold property in Stoke Park is frequently greater when contrasted to a freehold transaction. This is due to the additional time necessary in liaising with the freeholder and management company to obtain information concerning whether the rent and service charges have been paid and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.

How does conveyancing in Stoke Park differ for newly converted properties?

Most buyers of new build property in Stoke Park contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because house builders in Stoke Park usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Stoke Park or who has acted in the same development.

Are there any apps to assist me to locate a Stoke Park solicitor on the National Westminster Bank conveyancing panel? I have a car and am happy to travel upto 10miles to meet the solicitor.

You can use the tool on this page. Please pick a bank and your location and you will see a number of Stoke Park conveyancing lawyers based on proximity. We have detailed some Stoke Park conveyancing firms towards the end of this page and you can call them to see whether they are on the National Westminster Bank member panel

Are Stoke Park conveyancing solicitors duty bound by the Law Society to issue transparent conveyancing figures?

Contained within the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Stoke Park or or elsewhere in the country.