What is the first thing I need to know regarding purchase conveyancing in Southwark?
Not many law firms shout this from the rooftops but conveyancing in Southwark and elsewhere in England and Wales is often a confrontational process. Put another way, when it comes to conveyancing there exists an abundance of opportunity for conflict between you and other parties involved in the legal transfer of property. For example, the seller, estate agent and on occasion your mortgage company. Selecting a solicitor for your conveyancing in Southwark an important selection as your conveyancer is your adviser, and is the ONE party in the legal process whose role it is to look after your legal interests and to keep you safe.
We are witnessing a distinct creep in the "blame" culture- someone must be blamed for the process taking so long. We recommend that you your first instinct should be to trust your lawyer above all other parties in the home moving process.
Should our lawyer be asking questions regarding flooding during the conveyancing in Southwark.
Flooding is a growing risk for solicitors carrying out conveyancing in Southwark. Plenty of people will acquire a property in Southwark, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, but there are a various searches that can be carried out by the purchaser or by their conveyancers which will figure out the risks in Southwark. The conventional set of completed inquiry forms sent to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual inquiry of the vendor to find out if the property has suffered from flooding. In the event that flooding has previously occurred which is not notified by the owner, then a purchaser may bring a compensation claim stemming from an inaccurate reply. The buyer’s conveyancers may also carry out an enviro search. This should reveal if there is a recorded flood risk. If so, further investigations should be conducted.
The deeds to our house can not be found. The conveyancers who did the conveyancing in Southwark 10 years ago have long since closed. What are my next steps?
These day there are duplicates made of almost everything, and your conveyancer should know exactly where to look for all the suitable documentation so you may buy or sell your property without any difficulty. Where duplicates are not available, your lawyer may be able to put in place insurance or indemnities protecting you against future claims on the property.
How does conveyancing in Southwark differ for newly converted properties?
Most buyers of new build premises in Southwark approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because developers in Southwark usually buy the real estate, 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 property lawyers 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 Southwark or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Southwark in advance of instructing lawyers. I have been told that there is a flying freehold element to the property. My surveyor has said that some lenders tend refuse to give a mortgage on this type of home.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Southwark. Conveyancing may be slightly more expensive based on your lender's requirements.
We're novice buyers - agreed a price, yet the agent has warned us that the vendor will only go ahead if we instruct the agent's recommended solicitors as they want a ‘quick sale’. Our preferred option is to instruct a local solicitor who is familiar with conveyancing in Southwark
We suspect that the seller is unaware of this demand. Should the vendor desire ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Southwark conveyancing solicitors - not the ones that will earn their negotiator at the agency a introducer fee or achieve conveyancing thresholds demanded by senior management.