I am hoping to move into my new home in Waterhouses 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 mortgage company. 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 instructions. These obligations are not limited to conveyancing in Waterhouses.
The deeds to my house can not be found. The lawyers who did the conveyancing in Waterhouses 4 years ago no longer exist. What are my next steps?
Gone are the days when you need to have the physical deeds to establish that you are the owner of your registered land or premises, given that the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Waterhouses differ for new build properties?
Most buyers of new build or newly converted property in Waterhouses contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Waterhouses typically purchase 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 conveyancing solicitors 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 Waterhouses or who has acted in the same development.
I am looking for a conveyancing practitioner in Waterhouses for my home move. Is it possible to review a solicitor's complaints history with the profession’s regulator?
You can read documented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.
I am in need of some leasehold conveyancing in Waterhouses. Before I get started I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and most are in Waterhouses - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Waterhouses Conveyancing for Leasehold Flats - A selection of Questions you should consider before Purchasing
Be sure to investigate if there are any onerous restrictions in the lease. For instance it is reasonably common in Waterhouses leases that pets are not allowed in in a block in Waterhouses. If you like the flatin Waterhouses but your dog is not allowed to make the move with you then you will be presented with a hard decision. Best to be warned if fixing the lift or some other major work is anticipated to be shared amongst the leasehold owners and could well dramatically increase the the maintenance fees or result in a specific payment. Please note if it is no more than 80 years it will affect the marketability of the apartment. It is worth checking with your bank that they are happy with the length of the lease. Leases with less than 80 years remaining means that you will probably have to extend the lease at some point and you need to have some idea of how much this would cost. For most Waterhouseslease extensions you would need to own the residence for two years in order to be entitled to exercise a lease extension.