Last November we completed a house move in Tenby. We have noticed several issues with the house which we suspect were missed in the conveyancing searches. Is there anything we can do? What searches should? have been conducted for conveyancing in Tenby?
The question is vague as to the nature of the problems and if they are specific to conveyancing in Tenby. Conveyancing searches and investigations undertaken as part of the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a seller completes a document called a SPIF. answers provided is misleading, you could possibly take legal action 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 Tenby.
Having sold my house in Tenby last January but the buyer keeps whats apping daily to say his solicitor is waiting to hear from mylawyer. What should my lawyer have done following completion?
Following your disposal your solicitor should send the transfer documentation and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer must also evidence that the mortgage has been redeemed to the purchasers solicitors. There are no post completion steps just for conveyancing in Tenby.
we are a couple who intend to purchase a newly converted apartment in Tenby with a homeloan from Leeds Building Society.We have a Tenby conveyancing practitioner but Leeds Building Society advised that her practice is not listed on their "panel". We have to appoint a Leeds Building Society panel solicitor or retain our preferred solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Leeds Building Society use our lawyer?
Unfortunately,no. The home loan offered to you is subject to its terms and conditions, one of which will be that lawyers will be on the Leeds Building Society conveyancing panel. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Leeds Building Society
How does conveyancing in Tenby differ for newly converted properties?
Most buyers of new build property in Tenby contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Tenby typically 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 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 Tenby or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Tenby ahead of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some banks may not give a loan on this type of house.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Tenby. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tenby to see if the conveyancing will be more expensive.
My conveyancing in Tenby completes this Friday, but the owners I am buying from wishes to move out the next day at afternoon. Should I agree to this?
It is not possible to complete on a Saturday due to the bank systems are not operating.