My lender has recommended a law firm on their panel based in Strood but I would rather use a conveyancing lawyer in Strood or nearer to where I live. Are you able to assist?
It is by no means the case that all Strood conveyancing firms are approved and listed on all banks conveyancing panel. Do make use of the above search tool to locate a Strood conveyancing firm on the on the mortgage company panel.
Will our conveyancer be raising enquiries concerning flooding during the conveyancing in Strood.
Flooding is a growing risk for conveyancers conducting conveyancing in Strood. Some people will acquire a house in Strood, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, however there are a number of checks that can be carried out by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Strood. The standard completed inquiry forms sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the owner to find out whether the property has historically flooded. If the residence has been flooded in past which is not revealed by the owner, then a buyer may bring a legal claim for losses stemming from an incorrect reply. The purchaser’s lawyers will also order an environmental search. This should indicate if there is any known flood risk. If so, further investigations should be carried out.
3 months have gone by since my purchase conveyancing in Strood concluded. I have checked the Land Registry site which shows that I paid £200,000 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 residence 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.
Just had an offer accepted on a new build flat in Strood. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Strood
-
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I opted to have a survey carried out on a property in Strood ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some banks will not issue a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Strood. Conveyancing may be slightly more expensive based on your lender's requirements.
My uncle has recommend that I appoint his conveyancers in Strood. Should I find my own conveyancer?
No doubt the best way to find a conveyancing solicitor is to get feedback from friends or relatives who have actually experience in using the solicitor that you are contemplating using.