Due to complete my purchase in Yateley next Monday. My conveyancing practitioner 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 lender. What does the insurance need to cover?
All property lawyers 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 requirements. These obligations are not unique to conveyancing in Yateley.
Are the Yateley conveyancing solicitors identified as being on the Kent Reliance conveyancing panel, together with their details provided by Kent Reliance?
Yateley conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
I have an AIP. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to appoint a high street conveyancing solicitor in Yateley?
You should check but the chances are that appoint one of their panel conveyancers if you accept the "fee-free" offer. Speak to the bank and explore if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor in Yateley.
What makes your site different to other internet conveyancing solicitors when it comes to conveyancing in Yateley?
At this site get a fixed fee quote from a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Yateley. As opposed to estate agents and brokerage sites we do not have commission arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors paying the most kickback, as opposed to the best value conveyancing in Yateley
Why am I unable to complete our conveyancing in Yateley on May bank holiday?
This is due to the fact that on completion the funds needs to pass between the banks of the buyer and owner’s property lawyer and currently this can only occur on a working day. So you can't complete on a weekend either.