I am hoping to complete my purchase in Wavertree next Tuesday. My property lawyer 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 lender 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 Part 2 instructions. These obligations are not unique to conveyancing in Wavertree.

We wanted to use a conveyancing solicitor in Wavertree for our home move. Our financial adviser informed us that our mortgage lenders Coventry Building Society won't deal with them. Why is this not regarded as unfair competition?

A bank can insist on a panel solicitor act for it. You would be liable to bear the cost of this. Do use our tool to select a solicitor to conduct conveyancing in Wavertree on the Coventry Building Society approved list of solicitors.

I am a sole trader hoping to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Wavertree for less than 2k?

We can recommend firms who have well rounded knowledge of commercial conveyancing in Wavertree, including the disposal and acquisition of businesses as well as simply property. If you are intending to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we will find you the right lawyer. As for the charges these will vary based on the structure and heads of terms of the deal. Please provide us with your contact information or telephone us so that we can provide you with a fixed commercial conveyancing calculation.

Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £250,000 maisonette in Wavertree next week. The landlords agents has quoted £348 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Wavertree?

Wavertree conveyancing on leasehold flats usually involves the buyer’s lawyer sending questions for the landlord to answer. Although the landlord is not legally bound to answer such questions most will be content to assist. They are at liberty to charge a reasonable charge for responding to questions or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is £350, in some situations it is above £800. The management information fee required by the landlord must be sent together with a synopsis of rights and obligations in respect of administration charges, without which the invoice is not strictly payable. In reality one has no option but to pay whatever is requested of you if you want to sell the property.

Wavertree Conveyancing for Leasehold Flats - Sample of Queries Prior to buying

The prefered form of lease arrangement is a share of the freehold. In this situation the lessees enjoy being in charge if their destiny and notwithstanding that a managing agent is frequently employed where the building is larger than a house conversion, the managing agent acts for the leaseholders themselves. This question is useful as a) areas can result in problems in the building as the communal areas may begin to deteriorate if repairs remain unpaid b) if the leasehold owners have a dispute with the running of the building you will wish to have all the details What prohibitions are there in the Wavertree Lease?

Why is New Build conveyancing in Wavertree more costly?

Conveyancing in Wavertree for newly converted or new build premises often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as additional investigations and contractual concerns.