Last May we completed a house move in Loughborough. We have noticed several issues with the house which we believe were overlooked in the conveyancing searches. Is there anything we can do? Can you clarify the nature of searches that needed to have been ordered as part of conveyancing in Loughborough?
The question is not clear as to the nature of the problems and if they are specific to conveyancing in Loughborough. Conveyancing searches and investigations undertaken during the buying process are designed to help avoid problems. As part of the legal transfer of property, the vendor answers a form known as a Seller’s Property Information Form. If the information is inaccurate, then you may have a 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 Loughborough.
As someone not used to the Loughborough conveyancing process what is your top tip you can give me concerning the legal transfer of property in Loughborough
You may not hear this from too many lawyers but conveyancing in Loughborough or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there is lots of opportunity for friction between you and other parties involved in the transaction. For example, the seller, selling agent and on occasion the mortgage company. Selecting a solicitor for your conveyancing in Loughborough an important selection as your conveyancer is your adviser, and is the ONLY party in the process whose responsibility is to protect your legal interests and to protect you.
We are witnessing a worrying ongoing adversarial element to conveyancing- someone has to be blamed for the process taking so long. We recommend that you should always trust your conveyancer ahead of the other players when it comes to the legal assignment of property.
I have justbecome aware that Wolstenholmes have closed. They carried out my conveyancing in Loughborough for a purchase of a freehold house 10 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The easiest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Loughborough conveyancing specialists.
I am purchasing a new build house in Loughborough benefiting from help to buy. The developers refused to move on the amount so I negotiated £7000 of extras instead. The house builders rep advised me not inform my conveyancer about the deal as it may put at risk my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I'm converting the mortgage on my current property to a buy to let loan with Birmingham Midshires and intend to use the remaining equity as a deposit on further property. The location we are talking about is Loughborough. Will your solicitors be able to act for the two lenders and link together the two deals?
Do use our search tool on this page to ensure that the lawyers are on the appropriate lender panels. Assuming that they are the solicitor should be able to simultaneously deal with the two deals but you should talk with you lawyer and make apparent your desired outcome and requirements.
I am looking for a conveyancing solicitor in Loughborough for my sale. Can I review a solicitor's complaints history with the profession’s regulator?
You can find published Solicitor Regulator Association (SRA) determinations arising from investigations started on or after Jan 2008. Visit Check a solicitor's record. For records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.