Last April we completed a house move in Boldon. We have since encountered a number of issues with the property which we suspect were overlooked in the conveyancing searches. What action can we take? Can you clarify the type of searches that should have been ordered for conveyancing in Boldon?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Boldon. Conveyancing searches and investigations initiated as part of the legal transfer of property are designed to help avoid problems. As part of the process, a seller fills in a questionnaire called a Seller’s Property Information Form. answers proves to be incorrect, then you may have a claim against the vendor 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 Boldon.
My flat in Boldon is up for sale and I have a purchaser. Does my conveyancing practitioner need to be on the TSB conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the TSB conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
I require expedited conveyancing in Boldon as I am under an ultimatum to sign on the dotted line within 3 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not getting a home loan you are at liberty not to do searches although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Boldon the following are examples of what can crop up and adversely impact market value: Enforcement Actions, Outstanding Charges, Overdue Grants, Road Schemes,...
The deeds to our home are lost. The conveyancers who handled the conveyancing in Boldon 10 years ago have long since closed. What do I do?
Gone are the days when you need to have the physical original deeds to establish that you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
The estate agent has sent us the confirmation of our purchase of a new build flat in Boldon. 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.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Boldon
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I am about to exchange on the purchase a house in Boldon but as a consequence of damage from the recent storms I have negotiated compensation from the current proprietors of £2k by way of a deduction in the price. This was going to be dealt with as part of the conveyancing process but my bank will not permit this. Should they have been involved?
Any solicitor that is on a bank approved list is duty bound to inform the mortgage company of any changes to the sale amount. If you prohibit your property lawyer to notify the price change to your bank then they would have to discontinue acting for you and the bank.