My brother and I have just bought a house in East Cowes. We have since encountered a number of issues with the property which we believe were omitted in the conveyancing searches. What action can we take? Can you clarify the nature of searches that should have been carried out as part of conveyancing in East Cowes?
The question is not clear as to the nature of the problems and if they are relate to conveyancing in East Cowes. Conveyancing searches and investigations initiated as part of the buying process are designed to help avoid problems. As part of the process, the vendor fills in a questionnaire referred to as a Seller’s Property Information Form. answers is inaccurate, then you may have a 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 East Cowes.
Will lawyers request money up-front for my conveyancing in East Cowes?
If you are buying a property in East Cowes your lawyer will request that you to provide them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the total price then this should be needed shortly in advance of contracts are exchanged. Any further balance that is due should be transferred shortly before completion.
Can I be sure that the East Cowes conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in East Cowes seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor conducting your conveyancing.
I am due to exchange contracts on my flat. I had a double glazing fitted in May 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Virgin Money are being difficult. The East Cowes solicitor who is on the Virgin Money conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Virgin Money are requiring a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money 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.
Intending to buy a maisonette in East Cowes. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the East Cowes solicitor is on the Aldermore conveyancing panel.
A relative recommended that if I am purchasing in East Cowes I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard East Cowes conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about East Cowes around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding East Cowes.
I decided to have a survey completed on a house in East Cowes in advance of instructing lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend refuse to give a mortgage on this type of premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in East Cowes. Conveyancing will be smoother if you use a solicitor in East Cowes especially if they regularly deal with such properties in East Cowes.
What makes your site different to other internet conveyancing solicitors for conveyancing in East Cowes?
At this site receive a fixed fee quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in East Cowes. Unlike many estate agents and brokerage sites we do not operate referral deals with solicitors. Some agents and online brokers 'recommend' solicitors paying the most commission, not the best value conveyancing in East Cowes