Last February we completed a house move in Limehouse. We have noticed several problems with the house which we believe were missed in the conveyancing searches. What action can we take? What searches should? have been conducted as part of conveyancing in Limehouse?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Limehouse. Conveyancing searches and investigations undertaken as part of the legal transfer of property are supposed to help avoid problems. As part of the legal transfer of property, the vendor completes a questionnaire referred to as a SPIF. answers proves to be inaccurate, you could possibly take legal action 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 Limehouse.
As someone unfamiliar with conveyancing in Limehouse what is your top tip you can impart concerning the house moving process in Limehouse
You may not hear this from too many lawyers but conveyancing in Limehouse and elsewhere in London is an adversarial experience. In other words, when it comes to conveyancing there exists an abundance of room for conflict between you and other parties involved in the home moving process. For instance, the seller, selling agent and even potentially your lender. Appointing a solicitor for your conveyancing in Limehouse is a critical decision as your conveyancer is your adviser, and is the ONLY person in the legal process whose interest is to look after your legal interests and to protect you.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be blamed for the process taking so long. We recommend that you must always trust your lawyer above all other players in the home moving process.
My Conveyancer in Limehouse is not listed on the Barnsley Building Society Approved Panel. Can I still use my family solicitor even though they are excluded from the Barnsley Building Society list of approved lawyers?
Your options are as follows:
- Complete the purchase with your existing Limehouse lawyers but Barnsley Building Society will need to use a conveyancer on their list of acceptable firms. This will inevitably rack up the overall legal charges as well as result in frustration.
- Choose a new solicitor to to deal with the conveyancing, obviously checking they are on the Barnsley Building Society panel
I have been told that property searches are the primary reason for hinderance in Limehouse conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of delays in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Limehouse.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Limehouse I like with open areas and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Limehouse in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage the remaining unexpired lease term may be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
How do I search for a Limehouse solicitor on the Accord Mortgages Ltd conveyancing panel? I have a car and am happy to travel upto 20miles to meet the conveyancer.
Feel free to make use of the facility on this website. Please pick a bank and your location and you will see a number of Limehouse conveyancing lawyers locally. We have listed some Limehouse conveyancing firms at the bottom of this page and you can call them to check if they are on the Accord Mortgages Ltd panel