My brother and I have lately purchased a house in Sherborne. We have since encountered a number of problems with the house which we believe were omitted in the conveyancing searches. What action can we take? What searches should? have been carried out as part of conveyancing in Sherborne?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Sherborne. Conveyancing searches and investigations undertaken during the buying process are designed to help avoid problems. As part of the process, a seller completes a form known as a Seller’s Property Information Form. answers provided is misleading, then you may have a claim against the seller 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 Sherborne.
We see that you have a search directory identifying firms on the HSBC conveyancing panel. Do companies pay you a referral fee if I retain them for our own conveyancing in Sherborne?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Sherborne.
When it comes to mortgage companies such as Clydesdale, do Sherborne property lawyers face a yearly amount to be on the list of approved solicitors?
We are not aware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I am expecting a DIP from Virgin Money this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Sherborne solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Sherborne solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
About to purchase maisonette in Sherborne. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Sherborne conveyancer is on the Coventry BS conveyancing panel.
We are close to exchanging contracts on the sale of our property in Sherborne and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street Sherborne lawyer would know that there is no such problem. It does beg the question why the buyers instructed a web based conveyancing outfit rather than a conveyancing solicitor in Sherborne. Having lived in Sherborne for 4 years we know of no issue. Should we get in touch with our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I am looking for a ground for flat up to £195,000 and identified one round the corner in Sherborne I like with a park and railway links in the vicinity, the downside is that it only has 61 years on the lease. I can't really find anything else in Sherborne for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Taking into account that I will soon part with hundreds of thousands of pounds on a two bedroom apartment in Sherborne I wish to have a conversation with the conveyancer regarding thehome move prior to appointing the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you first talking to the solicitor who will be conducting your property ownership legalities in Sherborne.There is no ‘factory style conveyancing’ - every client is unique person, not a case number. The law firms that we put you in touch with believe that the fees you are quoted for residential conveyancing in Sherborne should be the figure that you end up paying.