Last May we completed a house move in Consett. We have since encountered a number of problems with the house which we suspect were missed in the conveyancing searches. What action can we take? Can you clarify the nature of searches that should have been ordered for conveyancing in Consett?
The query is vague as what problems have arisen and if they are unique to conveyancing in Consett. Conveyancing searches and due diligence undertaken during the buying process are designed to help avoid problems. As part of the legal transfer of property, a property owner completes a document known as a SPIF. answers provided is misleading, 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 Consett.
It is 10 years ago since I bought my house in Consett. Conveyancing solicitors have now been retained on the sale but I can't locate the title documents. Is this a major issue?
You need not be too concerned. First the deeds may be with the lender or they could still be with the solicitor who acted in your purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring current official copies of the land registers. Most conveyancing in Consett involves registered property but in the rare situation where your home is unregistered it is more problematic but is not insurmountable.
I am assisting my aunt sell her property in Consett. Does the conveyancing solicitor arrange an energy performance certificate or should I organise this?
After the abolition of Home Packs, energy performance certificates became a mandatory element of moving house. An energy assessment needs to be commissioned prior to the property being marketed. It is not as aspect of the sale process that law firms normally organise. Where you are using a Consett conveyancing practitioner they might help arrange energy performance certificates due to their relationships with reputable Consett accredited person
I can not work out if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Consett building society branch on a couple of occasions and was told they are content with the situation and they would lend. My Consett conveyancing solicitor - who is on the lender conveyancing panel- called and was told they would not lend in accordance with their published requirements. I have no idea who is right.
The conveyancing practitioner has to follow the Council of Mortgage Lenders’ Handbook Part 2 specifications for your bank. 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 lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am due to exchange contracts on my house. I had a double glazing fitted in March 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Nationwide are being problematic. The Consett solicitor who is on the Nationwide conveyancing panel is recommending indemnity insurance as a solution but Nationwide are requiring a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
About to purchase a new build flat in Consett. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Consett
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I need to find a conveyancing solicitor for leasehold conveyancing in Consett. I've discover a site which appears to be the perfect answer If it is possible to get all formalities done via phone that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My wife and I purchased a leasehold house in Consett. Conveyancing and Virgin Money mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Consett who acted for me is not around. Do I pay?
The first thing you should do is contact HMLR to be sure that this person is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Consett conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Consett Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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It is important to be aware whether a new roof is being installed or some other significant cost is coming up that will be shared between the tenants and could well dramatically impact the level of the maintenance fees or necessitate a one off invoice. Who takes responsibility for maintaining and repairing the building? Does the lease have onerous restrictions?