Will my solicitor be raising enquiries about flooding as part of the conveyancing in Shaw.
The risk of flooding is if increasing concern for solicitors dealing with homes in Shaw. There are those who buy a property in Shaw, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, but there are a numerous searches that can be initiated by the buyer or by their conveyancers which should figure out the risks in Shaw. The standard property information forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard question of the owner to discover if the premises has ever been flooded. If the residence has been flooded in past and is not notified by the vendor, then a purchaser may issue a compensation claim stemming from an inaccurate response. The buyer’s solicitors will also carry out an enviro search. This will disclose if there is a recorded flood risk. If so, additional inquiries should be made.
3 months have gone by since my purchase conveyancing in Shaw took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 asset 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.
How does conveyancing in Shaw differ for newly converted properties?
Most buyers of new build residence in Shaw approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Shaw typically acquire the land, 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 Shaw or who has acted in the same development.
I decided to have a survey done on a house in Shaw in advance of appointing solicitors. I have been told that there is a flying freehold element to the house. My surveyor has said that some banks tend not issue a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Shaw. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shaw to see if the conveyancing costs will increase in light of this.
Am I best advised to go with a Shaw conveyancing solicitor in close proximity to the house I am hoping to buy? An old friend can execute the conveyancing however they are based approximately 350kilometers away.
The benefit of a high street Shaw conveyancing firm is that you can pop in to sign documents, deliver your ID and apply pressure on them if necessary. They will also have local insight which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and in the main were impressed that should outweigh using an unknown Shaw conveyancing solicitor solely due to them being local.
Been looking for a lawyer for leasehold sale conveyancing in Shaw. We are selling, uncomplicated no mortgage to redeem, no hurry, no onward purchase. Received an estimate from a conveyancing practitioner for £1000 including VAT which is a little steep given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Shaw?
Considering it’s a sale only, 475 + VAT should be about the cheapest for a Shaw solicitor firm.