I am hoping to move into my new home in Axbridge next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the bank. What risks does the lender expect the insurance 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 Part 2 instructions. These obligations are not specific to conveyancing in Axbridge.
We are purchasing a apartment in Axbridge. It might be a silly question but how we can trust a solicitor? On the day of competition we have to put money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is it the case that all Axbridge solicitor firms on the Santander conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Santander conveyancing panel they would need to be overseen by the SRA. Some lenders do permit licenced conveyancers on their panel and in that case the practice would be regulated by the Council of Licensed Conveyancers.
UBS have agreed my mortgage in principle, my bid on a property in Axbridge has been accepted, now what?
Your property agent will wish to know who your solicitors are (ensure that the conveyancers are on the bank’s panel). Contact UBS or the broker and finish off any relevant forms. UBS will appoint a valuer who will get in touch with the selling agent or owners to schedule an appointment. Once conducted (assuming no problems) it takes about a week to get a mortgage offer. UBS will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Axbridge.
A friend recommended that if I am buying in Axbridge I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Axbridge conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Axbridge around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Axbridge.
What makes your site different to other online quote calculators when it comes to conveyancing in Axbridge?
At this site obtain a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Axbridge. Unlike many estate agents and many comparison sites we do not operate commission arrangements with solicitors. Some agents and online brokers 'recommend' solicitors that pays the highest per referral, rather than the best value conveyancing in Axbridge
My husband and I are novice buyers - had an offer accepted, but the selling agent has warned us that the seller will only proceed if we instruct their preferred lawyers as they need a ‘quick sale’. We would rather use a high street solicitor accustomed to conveyancing in Axbridge
We suspect that the owner is not behind this request. Should the owner desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Speak to the owners direct and make the point that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you will continue to appoint your preferred Axbridge conveyancing solicitors - not the ones that will provide the estate agent a introducer fee or meet his conveyancing targets pre-set by head office.