Last August we completed a house move in Great Wyrley. We have since encountered a number of issues with the house which we believe were overlooked in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been ordered as part of conveyancing in Great Wyrley?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Great Wyrley. Conveyancing searches and investigations initiated during the legal transfer of property are designed to help avoid problems. As part of the process, a property owner answers a questionnaire called a Seller’s Property Information Form. If the information 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 Great Wyrley.
Is it the case that all Great Wyrley solicitor practices on the Clydesdale conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Clydesdale approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Many banks do list licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
We previously instructed conveyancing lawyers based in Great Wyrley on the TSB solicitor panel. They have just invoiced me a further amount for the legal aspects of the TSB mortgage. Is this an additional conveyancing fee set by TSB?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your conveyancing practitioner may charge a fee for this. The fee is not dictated by TSB but by your Great Wyrley solicitor. Plenty of firms on the TSB panel will quote ’dealing with mortgage’ fee and others do not.
After what seems like an age I have had an offer on a maisonette in Great Wyrley accepted, but there is a chain. The sellers have put an offer on on an apartment, however it’s not yet agreed to, and are looking at other flats booked. I have chosen a high street conveyancing solicitor in Great Wyrley. What do I do now? When should I get the mortgage application with Coventry BS going?
It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Great Wyrley conveyancing search charges, etc). First, you must ensure that your conveyancing practitioner is on the Coventry BS approved list. Regarding the next stages this very much depends on the uniqueness of your transaction, attraction to this property and on the state of the market. In a buoyant market the majority of purchasers will apply for a home loan with Coventry BS and pay for the valuation and only if it comes back ok would they pay their lawyer to move forward with the conveyancing in Great Wyrley.
A relative recommended that if I am purchasing in Great Wyrley I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Great Wyrley conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Great Wyrley around the property and the people living there. It incorporates 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 House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data about Great Wyrley.
I opted to have a survey done on a property in Great Wyrley before instructing lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some lenders tend refuse to issue a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Great Wyrley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Great Wyrley to see if the conveyancing will be more expensive.
I am looking to sell my property. My past solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Great Wyrley if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Great Wyrley. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
One month into purchasing a property in Great Wyrley. Conveyancing solicitor has told us the property is "Leasehold". Should this make a difference on the marketability of the house?
Great Wyrley conveyancing does not ordinarily involve leasehold houses. The main factor here is the length of lease and the ground rent. If it's 999 years with a peppercorn rent, it's essentially freehold, so it’s unlikely to impact the marketability significantly.
On the flip side, if it's, say, Sixty years it is bound to have a significant effect on the value, and probably wouldn't be acceptable to the bank. The remaining lease term and ground rent will be specified in the lease which should be made available to your conveyancer.