Will my conveyancer be raising enquiries concerning flooding as part of the conveyancing in Petts Wood.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Petts Wood. Some people will acquire a house in Petts Wood, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Solicitors are not best placed to give advice on flood risk, however there are a number of checks that may be initiated by the purchaser or on a buyer’s behalf which can figure out the risks in Petts Wood. The standard completed inquiry forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a standard question of the vendor to determine if the premises has ever been flooded. In the event that flooding has previously occurred which is not disclosed by the vendor, then a buyer could issue a claim for damages as a result of such an incorrect response. The purchaser’s solicitors will also order an enviro search. This should disclose if there is any known flood risk. If so, further inquiries will need to be conducted.
I moved into my flat on 14 April and the transaction details is yet to be registered. Need I be worried? My conveyancing solicitor in Petts Wood said it should be formalised in a couple of weeks. Are properties in Petts Wood uniquely lengthy to register?
There is nothing unique when it comes to conveyancing in Petts Wood registration formalities. Rather than based on location, timeframes can adjust subject to who lodges the application, whether it is in order and if the Land registry must send notices to any third parties. As of today approximately three quarters of such applications are completed in less than three weeks but occasionally there can be protracted delays. Registration occurs after the purchaser is living at the premises so post completion formalities is not typically top priority but if there is a degree of urgency associated with the registration then you or your lawyers could contact the land registry and explain the circumstances.
Due to the encouragement of my in-laws I had a survey completed on a house in Petts Wood before appointing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor advised that some mortgage companies will refuse to give a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Petts Wood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Petts Wood to see if the conveyancing costs will increase in light of this.
Given that I am about to spend hundreds of thousands of pounds on a terraced house in Petts Wood I wish to have a conversation with the lawyer about mytransaction in advance of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer due to be carrying out your property ownership legalities in Petts Wood.There is no ‘factory style conveyancing’ - every client is an important person, not a file reference. The practices that we put you in touch with believe that the fees you are provided with for residential conveyancing in Petts Wood should be the amount on the final invoice that you end up paying.
Is it best to go with a Petts Wood conveyancing lawyer in close proximity to the house I am buying? I have an old university friend who can conduct the legal work however her office is 300miles away.
The primary upside of using a local Petts Wood conveyancing practice is that you can attend the office to execute paperwork, deliver your identification documents and apply pressure on them if necessary. They will also have local knowledge which is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were content that must trump using an unfamiliar Petts Wood conveyancing solicitor just because they are local.
Much to my surprise my solicitor in Petts Wood has informed me that he requires personal identification documents saying that this forms part of his retainer as a solicitor on the lender Conveyancing panel. Can you confirm whether this is the case?
Anti-terror and anti-money-laundering rules require Petts Wood conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the lender also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements