My partner and I have just bought a house in Nantyglo. We have noticed several issues with the house which we believe were missed in the conveyancing searches. What action can we take? Can you clarify the nature of searches that needed to have been carried out as part of conveyancing in Nantyglo?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Nantyglo. Conveyancing searches and due diligence initiated during the buying process are designed to help avoid problems. As part of the legal transfer of property, a property owner completes a questionnaire called a SPIF. If the information ends up being misleading, 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 Nantyglo.
I am buying a terraced house in Nantyglo. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Nantyglo you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Nantyglo.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who did the conveyancing in Nantyglo 10 years ago have long since closed. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your conveyancer will be aware exactly where to find all the suitable paperwork so you can buy or dispose of your house without any difficulty. Where duplicates can’t be located, your lawyer can arrange cover in the form of insurance or indemnities protecting you against future claims on your property.
I am purchasing a new build house in Nantyglo with the aid of help to buy. The developers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not disclose to my lawyer about the extras as it could affect my mortgage with Platform Home Loans Ltd. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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 opted to have a survey completed on a property in Nantyglo prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies tend refuse to grant a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Nantyglo. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Nantyglo to see if the conveyancing costs will increase in light of this.
How can the Landlord & Tenant Act 1954 impact my business offices in Nantyglo and how can your lawyers assist?
The 1954 Act provides protection to business leaseholders, giving them the a statutory right to apply to court for a renewal lease and continue in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Nantyglo