As someone clueless as to the Radstock conveyancing process what is the number one tip you can impart for the house moving process in Radstock
Not many law firms shout this from the rooftops but conveyancing in Radstock or throughout England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and others involved in the home moving process. For example, the seller, estate agent and even potentially a lender. Appointing a law firm for your conveyancing in Radstock should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the legal process whose role it is to look after your best interests and to keep you safe.
Every so often a third party with a vested interest may attempt to sway you that it is in your interests to do things their way. For example, the selling agent may claim to be helping by suggesting your solicitor is dragging his heels. Or your financial adviser may tell you to do take action that is contrary to your solicitors advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I have an AIP. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would prefer to appoint a local conveyancing solicitor in Radstock?
Do check but the chances are that give you one of their panel conveyancers if you want the "fee-free" deal. Call the mortgage company to see if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Radstock.
Should our lawyer be asking questions about flooding as part of the conveyancing in Radstock.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Radstock. Plenty of people will buy a property in Radstock, fully aware that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, however there are a numerous checks that can be undertaken by the purchaser or on a buyer’s behalf which should give them a better understanding of the risks in Radstock. The standard property information forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a standard question of the seller to find out whether the property has ever been flooded. In the event that flooding has previously occurred which is not notified by the vendor, then a buyer may issue a compensation claim resulting from an misleading response. The purchaser’s lawyers should also conduct an environmental search. This should disclose whether there is a recorded flood risk. If so, further inquiries will need to be initiated.
It has been four months following my purchase conveyancing in Radstock took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a flat up to £195,000 and found one round the corner in Radstock I like with open areas and railway links in the vicinity, however it's only got 61 remaining years left on the lease. I can't really find anything else in Radstock for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I am planning to acquire a flat and require a conveyancing solicitor in Radstock who is on the mortgage company solicitor panel. Can you recommend a Radstock or local Radstock conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who conduct conveyancing in Radstock. We dont recommend any particular conveyancing practice.