All was ready to move into my new home in Lee On The Solent next Thursday. My conveyancer 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 bank. What does the insurance need to cover?
Any lawyer 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 UK Finance Lenders’ Handbook instructions. These requirements are not limited to conveyancing in Lee On The Solent.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Lee On The Solent. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 19/1/2026, the requirements read as follows :
I am purchasing a property and the lawyer has raised the issue of Chancel Repair for which the property could be liable as it falls into the area of such a church. She has mentioned insurance. Is this strictly required for conveyancing in Lee On The Solent
Unless a prior purchase of the premises completed post 12 October 2013 you may assume that solicitors delivering conveyancing in Lee On The Solent to continue to suggest a chancel search and or insurance against a claim.
I have been on the look out for a ground for flat up to £305k and identified one close by in Lee On The Solent I like with a park and transport links in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Lee On The Solent in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the shortness of the lease will be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I am four weeks into a freehold purchase having been directed to conveyancers by the local agent to execute conveyancing in Lee On The Solent. We are not happy. Can you help me find new solicitors?
A solicitor would need to be very poor to suggest diss instructing them. Has your mortgage been generated? In the event that it has you must advise them of the new contact details and have the loan are re-sent. The conveyancer should be on the banks approved list to avoid escalating expenses and complications. So that should be your first question of the new conveyancers. The search tool can help you find a bank approved solicitor for your home move in Lee On The Solent