My partner and I have recently acquired a property in Cannock. We have since encountered a number of problems with the house which we believe were missed in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been carried out as part of conveyancing in Cannock?
It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in Cannock. Conveyancing searches and investigations initiated during the legal transfer of property are supposed to help avoid problems. As part of the process, a seller answers a document called a SPIF. If the information turns out to be 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 Cannock.
We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel conveyancer as I would much rather use a Cannock based conveyancing firm?
Do check but the chances are that appoint one of their panel solicitors if you accept the "fee-free" offer. Contact the bank and ask if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor near Cannock.
How does conveyancing in Cannock differ for new build properties?
Most buyers of new build residence in Cannock contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is ready to move into. This is because builders in Cannock tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Cannock or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in Cannock I like with amenity areas and railway links in the vicinity, the downside is that it only has 52 years on the lease. I can't really find anything else in Cannock suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease will be an issue. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Am I best advised to appoint a Cannock conveyancing solicitor based in the vicinity that I am buying? We have a good friend who can carry out the legal work but his firm is located 200miles drive away.
The benefit of a local Cannock conveyancing practice is that you can visit the firm to execute paperwork, hand in your identification documents and pester them if necessary. They will also have local intelligence which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and they were impressed that must trump using an unknown Cannock conveyancing lawyer just because they are based in the area.
What is the best way to find the right lawyer for my conveyancing in Cannock ?
First ask the people you trust who they used in the past and if they were happy with the service. Option 2 is to use a search tool on the web for conveyancing in Cannock. Call two or three from the list and ask them to send you their conveyancing quote and discuss your needs with the solicitor who will handle your conveyancing before you make your decision. Third is to use our search tool to assist you in finding the right lawyers for you based on your unique factors including location,speed, complexity and who your intended mortgage company is.Avoid the trap of appointing lowest cost conveyancing solicitors in Cannock