Should my conveyancer be making enquiries concerning flooding during the conveyancing in Tunstall.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Tunstall. Plenty of people will purchase a property in Tunstall, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, but there are a number of checks that may be undertaken by the buyer or on a buyer’s behalf which can figure out the risks in Tunstall. The standard information sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard question of the vendor to discover if the premises has historically flooded. In the event that the residence has been flooded in past and is not notified by the vendor, then a buyer may bring a claim for damages stemming from an incorrect response. A purchaser’s solicitors will also carry out an enviro report. This should indicate whether there is any known flood risk. If so, additional inquiries should be conducted.
How does conveyancing in Tunstall differ for new build properties?
Most buyers of new build property in Tunstall come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is built. This is because house builders in Tunstall 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 used to new build conveyancing in Tunstall or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Tunstall before appointing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some banks will refuse to grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tunstall. Conveyancing will be smoother if you use a solicitor in Tunstall especially if they are acquainted with such properties in Tunstall.
How do I use the search tool to choose a conveyancing lawyer in Tunstall on the panel for my bank?
First select a lender such as Lloyds TSB Bank, Leeds Building Society or Platform Home Loans Ltd then specify your location for example Tunstall. Conveyancing organisations in Tunstall and beyond will then be shown.
My partner has recommend that I appoint his lawyers for conveyancing in Tunstall. Should I choose my own conveyancer?
Much as we are happy to recommend a Tunstall conveyancing lawyer it’s preferable to find a conveyancing solicitor is to get recommendations from friends or family who have actually experience in using the solicitor that you are are thinking of instructing.
What advice can you give us when it comes to finding a Tunstall conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Tunstall conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Tunstall conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be of use:
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What are the charges for lease extension work? If they are not ALEP accredited then what is the reason?
Tunstall Leasehold Conveyancing - A selection of Queries before buying
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Most Tunstall leasehold properties will be liable to pay a service charge for maintenance of the block set on behalf of the freeholder. Where you buy the property you will have to pay this liability, usually periodically during the year. This could vary from a few hundred pounds to thousands of pounds for bigger purpose-built buildings. In all probability there will be a rentcharge for you to pay yearly, ordinarily this is not a large figure, say around £25-£75 but you need to enquire as sometimes it can be many hundreds of pounds. How many years remain on the lease? On the whole the cost for major works tend not to be wrapped into the maintenance charges, albeit that there some managing agents in Tunstall ask leaseholders to pay into a sinking fund created for the specific purpose of building a fund for major repairs or maintenance.