My partner and I have just purchased a house in Derby. We have since encountered a number of problems with the property which we suspect were omitted in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been conducted as part of conveyancing in Derby?
The query is not clear as to the nature of the problems and if they are relate to conveyancing in Derby. Conveyancing searches and investigations undertaken during the buying process are designed to help avoid problems. As part of the process, a property owner completes a document known as a SPIF. answers ends up being incorrect, you may have a misrepresentation claim against the owner 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 Derby.
My Solicitor in Derby has never been on on the Norwich and Peterborough Building Society Conveyancing Panel. Is it possible for me to retain my family solicitor even though they are excluded from the Norwich and Peterborough Building Society approved list?
Your options are as follows:
- Complete the purchase with your existing Derby lawyers but Norwich and Peterborough Building Society will need to instruct a conveyancer on their panel. This will result in additional overall conveyancing fees as well as result in delays.
- Choose a new practitioner to to deal with the conveyancing, not forgetting to check they are Persuade your lawyer to use their best endeavours to join the Norwich and Peterborough Building Society conveyancing panel
How does conveyancing in Derby differ for new build properties?
Most buyers of new build property in Derby contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because new home sellers in Derby tend to acquire the site, 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 conveyancers 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 Derby or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Derby is the location of the property. Can you shed any light on this issue?
Flying freeholds in Derby are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Derby you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Derby may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I'm remortgaging my current home to a buy to let loan with Chelsea Building Society and I will use the rest of the raised equity as a down payment on a second property. The location we are talking about is Derby. Will your conveyancers be able to act for the two banks and tie in the transactions?
Do use our search tool on this site to ensure that the solicitors are approved by both lenders. Having checked that they are your solicitor will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and communicate your desired outcome and needs.
Is it the case that all Derby legal practices on every bank conveyancing panel?
You can use our search tool or you can drop into your local lender branch in Derby. Chances are that they can recommend conveyancing solicitors in Derby