My partner and I have just acquired a house in Groby. We have noticed several issues with the house which we consider were missed in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been carried out for conveyancing in Groby?
It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in Groby. Conveyancing searches and investigations undertaken as part of the legal transfer of property are designed to help avoid problems. As part of the process, a property owner fills in a questionnaire known as a SPIF. If the information is incorrect, 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 Groby.
We are looking to buy a house and require a conveyancing solicitor in Groby who is on the Lloyds approved panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Lloyds . We don't recommend any particular firms conducting conveyancing in Groby.
Do the Building Society Association intend to launch a search tool with a view to to identify solicitors on the Earl Shilton BS conveyancing panel for example in Groby?
Lexsure has not been advised of any intention on the part of the BSA to promote such a register.
Will our solicitor be making enquiries about flooding as part of the conveyancing in Groby.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Groby. There are those who buy a house in Groby, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the premises. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to offer advice on flood risk, but there are a numerous searches that may be carried out by the buyer or on a buyer’s behalf which can figure out the risks in Groby. The standard completed inquiry forms supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the owner to determine whether the property has historically flooded. In the event that flooding has previously occurred and is not revealed by the seller, then a buyer could bring a compensation claim stemming from an incorrect reply. The purchaser’s solicitors should also carry out an environmental report. This will reveal whether there is any known flood risk. If so, additional inquiries will need to be carried out.
I am looking for a leasehold apartment up to £195,000 and identified one close by in Groby I like with a park and transport links nearby, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Groby suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the remaining unexpired lease term will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
Why is it not possible to complete our conveyancing in Groby on Good Friday?
This is due to the fact that on completion the money needs to pass between the banks of the buyer and seller's solicitor and currently this can only take place on a business day. So you can't complete on a saturday or sunday either.