My wife and I have just acquired a house in Bishops Waltham. We have since encountered a number of issues with the house which we suspect were overlooked in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that should have been ordered for conveyancing in Bishops Waltham?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Bishops Waltham. Conveyancing searches and investigations undertaken during the legal transfer of property are carried out to help avoid problems. As part of the process, a property owner answers a form called a SPIF. If the information provided is inaccurate, you may have a misrepresentation claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Bishops Waltham.
We're in Bishops Waltham, FTBs purchasing with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am currently in the process of buying my council flat in Bishops Waltham. I have a mortgage offer with Leeds Building Society. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Leeds Building Society, you will need to appoint a solicitor on the Leeds Building Society conveyancing panel.
I can not fathom if my mortgage offer requires a lease extension. I have telephoned my Bishops Waltham bank branch on numerous occasions and was told it wasn't a problem and they will lend. My Bishops Waltham conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend in accordance with their published requirements. I have no idea who is right.
As long as the property lawyer is on the mortgage company panel, they must adhere to the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
My offer on a detached house in Bishops Waltham has been agreed to, the owners do nevertheless have a tied purchase. The vendors have offered on a property, however it’s not been accepted yet, and are looking at other apartments booked. I have selected a local conveyancing solicitor in Bishops Waltham. What should be my next step? When should I get the mortgage application with Nottingham going?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then survey, Bishops Waltham conveyancing search charges, etc). First, you should ensure that your property lawyer is on the Nottingham conveyancing panel. Concerning the next steps this very much dictated by the uniqueness of your transaction, desire for this property and on the state of the market. During a hot market many buyers will apply for the mortgage with Nottingham and arrange for the valuation and only if it was satisfactory would they request their solicitor to proceed with searches.
It has been five months since my purchase conveyancing in Bishops Waltham took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Bishops Waltham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Bishops Waltham
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Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
Me and my wife are FTB’s just having agreed a price on a property in Bishops Waltham, and are now looking to get solicitors appointed. We have made use of the different rating tools and the fee estimates are from all over the the UK. Is it essential to have a Bishops Waltham property lawyer local to our prospective house? I am willing to do everything electronically, but I guess at some stage we may need to visit the conveyancing practitioner's office to sign papers?
The conveyancer does not have to be in Bishops Waltham, but opting for local means that you can visit their offices if you need to, for instance, if a signature is immediately necessary. Furthermore, a Bishops Waltham solicitor is likely to be familiar with local agents and (if the vendor has chosen a local solicitor) with them, which will help keep things moving faster.