My brother and I have recently purchased a house in Prenton. We have noticed several issues with the property which we believe were missed in the conveyancing searches. What action can we take? Can you clarify the type of searches that should have been conducted for conveyancing in Prenton?
The query is not clear as what problems have arisen and if they are specific to conveyancing in Prenton. Conveyancing searches and investigations undertaken during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, the vendor answers a document called a Seller’s Property Information Form. answers provided is misleading, you could possibly take legal action against the vendor 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 Prenton.
Having sold my house in Prenton last August yet the purchaser is Skype messaging every few hours complaining that their conveyancer is waiting to hear from mylawyer. What should have happened following completion?
After completion of your disposal your conveyancer is committed to send the transfer deeds and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your solicitor must also evidence that the legal charge in favour of the lender has been repaid to the buyers solicitors. There are no post completion tasks specific conveyancing in Prenton.
A colleague recommended that where I am buying in Prenton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Prenton conveyancing searches. It is not a small report of more than thirty pages, listing and detailing important information about Prenton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Prenton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Prenton Education with plans and statistics, Local Amenities and other useful data regarding Prenton.
How does conveyancing in Prenton differ for new build properties?
Most buyers of new build or newly converted property in Prenton contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Prenton tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Prenton or who has acted in the same development.
I am looking for a flat up to £245,000 and found one close by in Prenton I like with amenity areas and transport links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Prenton in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor about this.
I need to retain a conveyancing solicitor for purchase conveyancing in Prenton. I've chance upon a site which appears to be the perfect solution If it is possible to get all formalities completed via web that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?