Due to move into my new home in Temple next Monday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?
All property lawyers on acting for mortgage companies 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 Part 2 instructions. These obligations are not unique to conveyancing in Temple.
Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Temple so that I can attend their offices if required.
Whereas this was necessary ten years ago, the vast majority lenders no longer oblige their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to supply ID documents and there are still manifest benefits to using a local ayer, in your situation a conveyancing solicitor in Temple.
I am planning on selling our home in Temple and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Temple lawyer would know this is not the case. It does beg the question why the purchasers instructed a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Temple. Having lived in Temple for many years we know of no issue. Do we get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
Are there restrictive covenants that are commonly picked up during conveyancing in Temple?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Temple. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I need to find a conveyancing solicitor for leasehold conveyancing in Temple. I happened to stumble across a site which seems to have the perfect solution If it is possible to get all this stuff completed via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?