All was ready to move into my new home in Wickford next Thursday. My solicitor now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What risks does the mortgage company expect the insurance to cover?
All property lawyers 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 requirements are not unique to conveyancing in Wickford.
Why is leasehold purchase conveyancing in Wickford costs more?
Wickford leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
The deeds to my house can not be found. The lawyers who handled the conveyancing in Wickford 10 years ago no longer exist. Will I be able to sell the house?
You no longer need to have the physical deeds to establish that you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
I have been pointed in your direction by a few property agents in Wickford to locate a property lawyer on your site. What’s the financial advantage for Estate Agents to recommend your site rather than a competitor’s?
We refuse to give any referral fee for directing people in our direction. We found it would be just too difficult to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
What do I do if I am dissatisfied with the property lawyer who handled my conveyancing in Wickford?
We live in an imperfect world, and is is a fact of life that occasionally things do go wrong. However there is recourse where you were dissatisfied with your conveyancing in Wickford. This varies from trying to resolve matters directly with them, through to reporting a solicitor to their governing body. If you remain dissatisfied you may consider getting in touch with the Legal Ombudsman.