Last July we completed a house move in Poole. We have since encountered a number of issues with the property which we consider were missed in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been ordered as part of conveyancing in Poole?
The question is not clear as what problems have arisen and if they are unique to conveyancing in Poole. Conveyancing searches and investigations initiated as part of the legal transfer of property are supposed to help avoid problems. As part of the legal transfer of property, a seller fills in a questionnaire known as a Seller’s Property Information Form. If the information provided is inaccurate, you may have a misrepresentation 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 Poole.
Why do I have to pay up front when it comes to conveyancing in Poole?
If you are buying a property in Poole your solicitor will request that you to provide them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the purchase price then this should be needed shortly prior to contracts are exchanged. Any further balance that is due should be transferred a few days ahead of the completion date.
Despite weeks of looking the Title Certificate and documents to our home can not be found. The solicitors who conducted the conveyancing in Poole 10 years ago are no longer around. What are my next steps?
As long as you have a registered title the details of your ownership will be recorded by HMLR with a Title Number. It is easy to carry out a search at the Land Registry, identify your property and order current copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will also normally retain a certified copy of the Registered Lease and again, a copy can be retrieved for a small fee.
I'm purchasing a new build house in Poole benefiting from help to buy. The developers would not budge the amount so I negotiated £7000 of additionals instead. The property agent advised me not to tell my solicitor about the extras as it would impact my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
Hoping to buy a property located in Poole and I am already nervous. I couldn't find anything specific about Poole. Conveyancing will be needed in due course but do you know about the Poole area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Poole. In the meantime here are some basic statistics that we found
I have recently placed an offer on an apartment in Poole and the estate agent that we are dealing with suggested his conveyancing practitioner. She quoted £900 excluding VAT and 3rd party costs. Does this sound like a good deal?
You should not rely on a single quote. You should obtain like-for-like quotes for your conveyancing in Poole. Then pick one that you trust and crucially, is on the approved list of the lender that you have applied for a mortgage from.