I am hoping to complete my purchase in Colwyn Bay next Thursday. My solicitor now wants me to supply her with evidence 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 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 Part 2 instructions. These requirements are not unique to conveyancing in Colwyn Bay.
I require quick conveyancing in Colwyn Bay as I am under a deadline to complete in less than 2 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save money and time?
As you are not taking a home loan you have the choice not to have searches conducted although no solicitor would suggest that you don't. With lots of history conveyancing in Colwyn Bay the following are instances of issues that can be revealed and adversely affect market value: Enforcement Actions, Overdue Charges, Outstanding Grants, Road Schemes,...
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Colwyn Bay I like with a park and transport links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Colwyn Bay for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan that many years will be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I need to instruct a conveyancing solicitor in Colwyn Bay for my home move. Is there any facility to see a firm’s complaints history with the profession’s regulator?
Anyone may see presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA could recorded telephone calls for training requirements.
I recently found out that one of the partners of the law firm handling the purchase conveyancing in Colwyn Bay is related to the vendor. Is this acceptable?
As long as no conflict arises this is permitted. If you are obtaining mortgage finance then the mortgage company may have a say as many banks have specific instructions concerning this. For example for RBS- First Active as of 15/1/2026, the requirements read as follows :