The property market in Poundbury is hotting up. What can I do to speed up matters?
First, If you are under time constraints to exchange it is highly recommended that your conveyancer is familiar with the location as they will make use of local contacts and knowledge. It is even conceivable that they may have conducted previoushouses in the same neighbourhood. You would be best advised to use a Poundbury conveyancing solicitor. Second, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that nearly one in five of Poundbury conveyancing deals are frustrated or jeopardised after discovering a purchaser’s lawyer was not on their mortgage lender’s member panel. This can often result in the transaction being held up by almost three weeks. It is understood that this issue affects in the region of one hundred thousand home sales annually. Most Poundbury conveyancing practices can not represent certain banks so do check at the outset.
We are planning to acquire a flat and need a conveyancing solicitor in Poundbury who is on the Nationwide conveyancing panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nationwide . We don't recommend any particular firms conducting conveyancing in Poundbury.
Will my lawyer be asking questions concerning flooding as part of the conveyancing in Poundbury.
Flooding is a growing risk for solicitors conducting conveyancing in Poundbury. Some people will acquire a property in Poundbury, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, however there are a numerous checks that can be initiated by the purchaser or by their conveyancers which should give them a better understanding of the risks in Poundbury. The standard information sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a standard question of the seller to discover whether the property has suffered from flooding. If flooding has previously occurred which is not disclosed by the vendor, then a buyer may bring a claim for damages as a result of such an incorrect response. The purchaser’s conveyancers will also commission an enviro search. This will higlight if there is a recorded flood risk. If so, further inquiries will need to be carried out.
Due to the input of my in-laws I had a survey completed on a property in Poundbury ahead of retaining solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some banks will not give a mortgage on this type of home.
It varies from the lender to lender. HSBC has different instructions from Halifax. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Poundbury. Conveyancing will be smoother if you use a solicitor in Poundbury especially if they are accustomed to such properties in Poundbury.
Hoping to buy a property located in Poundbury and I am already nervous. I couldn't find anything specific about Poundbury. Conveyancing will be needed in due course but do you know about the Poundbury area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Poundbury. In the meantime here are some basic statistics that we found
What do I do if I am dissatisfied with the conveyancing practitioner who conducted my conveyancing in Poundbury?
We live in an imperfect world, and is is a fact of life that sometimes things do go wrong. Nevertheless there is recourse where you were dissatisfied with your conveyancing in Poundbury. This varies from trying to resolve matters directly with them, through to reporting a lawyer to their regulator. If things still aren’t resolved you may consider enlisting the help of the Legal Ombudsman.