Recently contacted my conveyancing solicitor in Ferring and Goring who conducted the legals two years ago and wanted a conveyancing quote based on an identical type of house move (a leasehold property and a freehold premises) of almost identical values with a home loan from Coventry Building Society. I am now being charged double. Am I right to be tempted to shop around for a cheaper internet conveyancer?
The quote is slightly on the steep side. If you you were to look around you may be able to get the conveyancing a bit cheaper by perhaps £125. On the other hand, providing that you were pleased with the assistance the firm provided you couldlive to rue opting for an an untested solicitor. If is important to ensure the conveyancer can represent Coventry Building Society. You can employ our search tool to locate a Ferring and Goring conveyancing firm on the Coventry Building Society approved list of lawyers, which can often include conveyancing solicitors in Ferring and Goring.
Last April we completed a house move in Ferring and Goring. We have since encountered a number of issues with the property which we believe were omitted in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that should have been conducted for conveyancing in Ferring and Goring?
It is not clear from the question as what problems have arisen and if they are specific to conveyancing in Ferring and Goring. Conveyancing searches and investigations initiated during the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, a seller answers a questionnaire called a Seller’s Property Information Form. If the information is misleading, then you may have a 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 Ferring and Goring.
The Ferring and Goring conveyancing firm that I recently instructed on my purchase in Ferring and Goring have without warning closed. I only went with them because I needed a firm on the Coventry BS conveyancing panel and my previous Ferring and Goring lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
If you have an estate agent involved then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Coventry BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
What will a local search reveal about the house my wife and I buying in Ferring and Goring?
Ferring and Goring conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search plays a central part in most Ferring and Goring conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your property. The search should reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Ferring and Goring is the location of the property. Can you offer any assistance?
Flying freeholds in Ferring and Goring are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Ferring and Goring you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Ferring and Goring may ascertain 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 premises.
We own a leasehold flat in Ferring and Goring. Conveyancing was finished in 2010. I have been told that I mustn’t allow the the remaining lease term to fall too short. Why is that a problem?
Ferring and Goring leasehold properties are for a fixed period - normally just under one hundred years when they started. However many flats in Ferring and Goring were built or converted in the 70’s80’s and so these leases now have fewer than 80 years left to run. That may sound like a long time however Banks, Building Societies and other mortgage institutions on the whole need leases to have at least seventy five years remaining to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are approaching seventy five years. To maximise your property value you should be thinking about whether or not to extend your lease well in advance of selling the property. Furthermore advantages to doing so before the lease hits 80 years as when the lease is below 80 years the premium to be paid to extend starts to increase.