Will our solicitor be raising questions concerning flooding as part of the conveyancing in Watford.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Watford. Plenty of people will purchase a property in Watford, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to give advice on flood risk, however there are a number of searches that can be initiated by the purchaser or by their conveyancers which can give them a better understanding of the risks in Watford. The conventional set of information sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the owner to determine whether the premises has suffered from flooding. If the residence has been flooded in past and is not disclosed by the seller, then a purchaser could commence a compensation claim resulting from an inaccurate reply. A purchaser’s lawyers should also order an enviro report. This should reveal if there is a recorded flood risk. If so, additional investigations will need to be initiated.
I used Action Conveyancing several years ago for my conveyancing in Watford. Now, I need the files but cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Watford of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am purchasing my first flat in Watford benefiting from help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not to tell my solicitor about the extras as it could impact my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the encouragement of my in-laws I had a survey completed on a house in Watford ahead of retaining lawyers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend not give a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. If you e-mail us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Watford. Conveyancing will be smoother if you use a solicitor in Watford especially if they are accustomed to such properties in Watford.
How straightforward is it to use your search tool to get a fee calculation from a conveyancing solicitor in Watford on the panel for my bank?
Step one is to select a bank such as Accord Mortgages Ltd, Skipton Building Society or Platform Home Loans Ltd then choose your location a common one being Watford. Conveyancing firms in Watford and nationally should be identified.
I need to retain a conveyancing solicitor for some conveyancing in Watford. I have chance upon a site which seems to have the ideal answer If it is possible to get all the legals completed via email that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?