I hired a local solicitor for my conveyancing in Woodlands last week. After carefully reading the Ts and Cs I noteI am on the hook for costs even if our purchase doesn't happen. Should I ditch them and select an on-line firm advertising no move no charge conveyancing in Woodlands?
Generally there is a compromise along the lines that if "No Sale No Fee" is offered then the conveyancing charges will tend to be be uplifted to neutralise the transactions that abort. Dont forget that these offerings rarely protect you from expenses such as Woodlands conveyancing search fees.
My partner and I are nearing an exchange on a house in Woodlands and my parents have transferred the exchange deposit to my conveyancer. I am now informed that as the deposit has been received from someone other than me my solicitor needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
The solicitor is obliged to check with lender to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Can your site be used to locate a Conveyancing solicitor in Woodlands even if I’m not purchasing or selling a house, for example if I intend to buy an office in Woodlands with a loan from Britannia?
Our search tool is mainly there to get a quote from residential conveyancing solicitors in Woodlands but we have listed towards the end of this page a few Woodlands commercial conveyancing firms. You will need to speak with the solicitors directly to check if they can also act for Britannia
Will my lawyer be making enquiries concerning flooding as part of the conveyancing in Woodlands.
Flooding is a growing risk for solicitors dealing with homes in Woodlands. Some people will buy a property in Woodlands, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, however there are a number of checks that can be carried out by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Woodlands. The standard information given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the seller to determine if the premises has suffered from flooding. If the property has been flooded in past which is not notified by the seller, then a buyer could commence a claim for damages as a result of such an incorrect reply. A purchaser’s lawyers will also conduct an environmental search. This will disclose if there is a recorded flood risk. If so, more detailed inquiries should be initiated.
The deeds to my home can not be found. The lawyers who dealt with the conveyancing in Woodlands 5 years ago no longer exist. What are my options?
In today’s world there are duplicates made of almost everything, and your conveyancer will be aware exactly where to locate all the appropriate documentation so you may purchase or sell your property without a hitch. Where copies are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on your premises.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. Woodlands is where the house is located. Can you offer any guidance?
Flying freeholds in Woodlands are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Woodlands you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodlands may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.