Last October we completed a house move in Ilminster. We have since encountered a number of issues with the property which we suspect were overlooked in the conveyancing searches. Do we have any recourse? What searches should? have been conducted as part of conveyancing in Ilminster?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Ilminster. Conveyancing searches and due diligence undertaken during the buying process are designed to help avoid problems. As part of the process, a property owner answers a document known as a SPIF. If the information provided is misleading, 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 Ilminster.
We note that you have a search directory listing law firms on the Nottingham conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Ilminster?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Ilminster.
I am helping my mother sell her flat in Ilminster. Will the conveyancing solicitor order an EPC or it is for the seller to see to?
After the demise of HIPs, EPC’s remained a required element of moving house. An EPC should be commissioned prior to the property being placed on the market. It is not as aspect of the sale process that solicitors normally arrange. If you are using a Ilminster conveyancing practitioner they might be willing to arrange energy performance certificates given their relationships with reputable Ilminster providers
We expect to receive a DIP from Principality this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Ilminster solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ilminster solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
I was told four weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in Ilminster is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
four months have gone by since my purchase conveyancing in Ilminster concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Ilminster is the location of the property. Can you shed any light on this issue?
Flying freeholds in Ilminster are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Ilminster you must be sure that your lawyer goes 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 Ilminster 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.
I have finally had an offer on an apartment in Ilminster agreed to, the seller does however have an associated purchase. The vendors have submitted an offer on a property, however it’s not yet agreed to, and are looking at other flats in the pipeline. I have chosen a nearby conveyancing lawyer in Ilminster. What should be my next step? At what stage should I apply for the mortgage with Clydesdale?
It is usual to have anxieties where there is a chain given your reluctance to incur expenses prematurely (home loan application is approx one thousand pounds, then valuation, Ilminster conveyancing search costs, etc). First, you must check that your property lawyer is on the Clydesdale approved list. Regarding the subsequent stages this very much dictated by the uniqueness of your case, desire for the property and on the state of the market. In a buoyant market some home buyers will apply for the mortgage with Clydesdale and arrange for the survey and only if it comes back ok would they request their solicitor to proceed with the conveyancing in Ilminster.