My partner and I have lately purchased a property in Cricklade. We have noticed several problems with the house which we believe were overlooked in the conveyancing searches. Do we have any recourse? What searches should? have been carried out as part of conveyancing in Cricklade?
The question is not clear as to the nature of the problems and if they are unique to conveyancing in Cricklade. Conveyancing searches and due diligence undertaken during the legal transfer of property are designed to help avoid problems. As part of the process, the vendor completes a document called a Seller’s Property Information Form. answers ends up being incorrect, you could possibly take legal action 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 Cricklade.
I own a freehold residence in Cricklade yet charged rent, why is this and what is this?
It’s unusual for properties in Cricklade and has limited impact for conveyancing in Cricklade but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
I can see plenty of information on this site about conveyancing in Cricklade but what is your top tip for selecting the right conveyancer in Cricklade
It would be unwise to be tempted by the lowest Cricklade conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I am purchasing a detached bungalow in Cricklade. Our aim is to an extension at the rear at the property.Will legal work on the property include investigations to see if these works are prohibited?
Your conveyancer will check the deeds as conveyancing in Cricklade will occasionally reveal restrictions in the title deeds which prohibit certain changes or necessitated the consent of another owner. Many works need local authority planning consent and approval under the building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor ahead of any purchase.
I have finally had an offer on a maisonette in Cricklade accepted, but there is a chain. The owners have put an offer on somewhere, but it’s not yet agreed to, and have viewings of other apartments booked. I have selected a bricks and mortar conveyancing solicitor in Cricklade. What do I do now? At what stage do I apply for the mortgage with Coventry BS?
It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx £1k, then valuation, Cricklade conveyancing search fees, etc). First, you must ensure that your property lawyer is on the Coventry BS conveyancing panel. Regarding the next phase this very much dictated by the specifics of your case, attraction to the property and on the state of the market. During a rising market the majority of buyers will apply for the mortgage with Coventry BS and arrange for the valuation and only if it was satisfactory would they request their solicitor to proceed with the conveyancing in Cricklade.
How does conveyancing in Cricklade differ for new build properties?
Most buyers of new build or newly converted property in Cricklade contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Cricklade usually buy the real estate, 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 used to new build conveyancing in Cricklade or who has acted in the same development.
Over the last few months I have been searching for a flat up to £195,000 and identified one near me in Cricklade I like with amenity areas and station in the vicinity, the downside is that it's only got 51 remaining years left on the lease. I can't really find anything else in Cricklade for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
Is it the case that all Cricklade law firms on every bank conveyancing panel?
You can use our search tool or you can pop into your local lender branch in Cricklade. the probability is that they can recommend conveyancing solicitors in Cricklade