Due to move into my new home in Walmley next Tuesday. 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 bank. What risks does the mortgage company expect the insurance 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 UK Finance Lenders’ Handbook conditions. These requirements are not specific to conveyancing in Walmley.
I need some expedited conveyancing in Walmley as I am faced with an ultimatum to exchange contracts inside 4 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are not getting a home loan you are at free not to have searches conducted although no conveyancer would suggest that you don't. With lots of history conveyancing in Walmley the following are examples of issues that can crop up and therefore affect future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Railway Schemes,...
I used Wolstenholmes several years ago for my conveyancing in Walmley. I now require my file but cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Walmley of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Walmley is where the house is located. Is there any guidance you can give?
Flying freeholds in Walmley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Walmley you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Walmley may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have chosen a Walmley conveyancing solicitor for our house purchase (novice purchasers) and have spotted in the engagement letter that they are not covered by the Financial Conduct Authority. Should I be concerned or is that usually the case with lawyer?
We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are regulated by the SRA, who dictate stringent laws in place on funds deposited on client account.