Due to move into my new home in Stow on the Wold next Tuesday. My conveyancing practitioner 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 mortgage company. What does the insurance need to cover?
Any lawyer on acting for banks 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 unique to conveyancing in Stow on the Wold.
Completed the sale of my flat in Stow on the Wold last December yet the purchaser is SMS messaging daily to say their solicitor is waiting to hear from mysolicitor. What should have happened now that I have sold?
Following your sale your conveyancer is duty bound to deliver the transfer deeds and all additional paperwork to the buyer’s lawyers. If applicable, your lawyer should also send confirmation that the home loan has been discharged to the purchasers conveyancers. There are no post completion steps specific conveyancing in Stow on the Wold.
I need some fast conveyancing in Stow on the Wold as I have an ultimatum to exchange contracts in less than 2 weeks. Fortunately I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash buyer you are at liberty not to have searches carried out although no conveyancer would advise that you don't. With lots of history conveyancing in Stow on the Wold the following are instances of what can appear and therefore impact market value: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
I have been advised by a number of property agents in Stow on the Wold to choose a conveyancer on your site. What’s the financial upside for Estate Agents to recommend your site ahead of another?
We don’t offer any referral fee for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission because members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
There are plenty of houses in Stow on the Wold on unadopted lanes. My husband and I are acquiring such a property. Are there any benefits to purchasing a property on a privately owned road?
Stow on the Wold conveyancing solicitors will be used to conveyancing propertieson unadopted roads. Your lawyer will review the Land Registry data to find any rights or liabilities. It is possible that there is a management company (wholly owned by residents) that proprietors pay into for the upkeep of the road. If there is one, the road will likely be maintained and look better than publicly owned.