My wife and I are intent on purchasing a flat in Quedgeley. My Conveyancer is not on the mortgage company conveyancing list. Can I still appoint my Quedgeley conveyancing solicitor notwithstanding that they are excluded from the bank approved list?
You have numerous choices available to you here
- Carry on with your existing Quedgeley solicitor but your mortgage company will undoubtedly retain a conveyancing practitioner on their approved list. This will result in additional cost and potential frustration.
- Choose a new conveyancer to act in the purchase, ensuring that they are on the bank conveyancing panel.
- Convince your property lawyer to do everything possible to get listed on the mortgage company panel of solicitors
Should my lawyer be raising questions regarding flooding as part of the conveyancing in Quedgeley.
Flooding is a growing risk for lawyers specialising in conveyancing in Quedgeley. Some people will buy a house in Quedgeley, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to impart advice on flood risk, however there are a numerous searches that can be undertaken by the purchaser or on a buyer’s behalf which will figure out the risks in Quedgeley. The standard property information forms supplied to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the owner to discover whether the premises has ever been flooded. In the event that the residence has been flooded in past and is not disclosed by the seller, then a buyer could issue a claim for damages resulting from an incorrect response. A buyer’s lawyers will also carry out an environmental report. This should reveal if there is a recorded flood risk. If so, further investigations should be initiated.
Me and my brother have a renovated Edwardian house in Quedgeley. Conveyancing lawyer represented me and Leeds Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Quedgeley and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing lawyer who completed the work.
How does conveyancing in Quedgeley differ for new build properties?
Most buyers of new build or newly converted property in Quedgeley contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Quedgeley tend to buy 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 Quedgeley or who has acted in the same development.
I am looking for a flat up to £245,000 and found one round the corner in Quedgeley I like with open areas and railway links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Quedgeley for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I am looking to sell my house. My past conveyancers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Quedgeley if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Quedgeley. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.