Will my conveyancer be raising enquiries concerning flooding as part of the conveyancing in Whiteley.
The risk of flooding is if increasing concern for conveyancers specialising in conveyancing in Whiteley. There are those who buy a property in Whiteley, fully aware that at some time, it may suffer from flooding. 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. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Solicitors are not best placed to give advice on flood risk, however there are a numerous searches that can be initiated by the purchaser or by their conveyancers which can figure out the risks in Whiteley. The standard property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) contains a standard inquiry of the owner to determine whether the property has ever been flooded. If flooding has previously occurred which is not disclosed by the owner, then a purchaser could issue a compensation claim stemming from an incorrect answer. The buyer’s lawyers will also conduct an enviro search. This will indicate if there is a recorded flood risk. If so, further inquiries will need to be carried out.
My wife and I have a 4 bedroom Edwardian property in Whiteley. Conveyancing practitioner acted for me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold under the matching address. Is it worth asking Chelsea Building Society to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Whiteley and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing solicitor who completed the work.
I'm buying my first flat in Whiteley with a loan from The Mortgage Works. The sellers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not inform my conveyancer about this side-deal as it will affect my mortgage with The Mortgage Works. 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 advice of my in-laws I had a survey completed on a house in Whiteley prior to instructing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks will refuse to give a mortgage on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Whiteley. Conveyancing may be slightly more expensive based on your lender's requirements.
My father has suggested that I instruct his conveyancers in Whiteley. Do I follow his recommendation?
Much as we are happy to recommend a Whiteley conveyancing lawyer it’s preferable to select a conveyancing solicitor is to have recommendations from friends or relatives who have actually previously instructed the solicitor you're contemplating using.
A conveyancing company acted on my conveyancing in Whiteley half a dozen years ago and was holding my registration documents but has since been shut down – how do I get hold of them?
Deeds, as such, no longer exist as the majority of properties in Whiteley are recorded digitally at Land Registry. Where you need to show ownership or are disposing of or re-mortgaging your conveyancer should obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned with reasonable haste.