My wife and I are soon to exchange on the purchase of a house in Ludgershall but as a consequence of wreckage from a small fire at the property I have was able negotiate recompense from the seller in the sum of £3k taking the form of a adjustment in the price. This was going to be dealt with as part of amending the contract however Lloyds will not agree to this. Should they have been approached?
The conveyancing practitioner that is on a Lloyds approved list is duty bound to inform Lloyds of any changes to the purchase price. If you prohibit your property lawyer to report the price change to Lloyds then they would have to discontinue acting for you. In addition, Lloyds and you would have to appoint a new property lawyer for your conveyancing in Ludgershall.
Will our lawyer be asking questions about flooding during the conveyancing in Ludgershall.
Flooding is a growing risk for solicitors dealing with homes in Ludgershall. Plenty of people will buy a property in Ludgershall, fully expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, however there are a numerous searches that can be carried out by the buyer or on a buyer’s behalf which should figure out the risks in Ludgershall. The standard completed inquiry forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard question of the vendor to discover if the property has ever been flooded. In the event that flooding has previously occurred and is not notified by the owner, then a buyer could bring a compensation claim as a result of such an incorrect answer. A purchaser’s conveyancers should also carry out an enviro report. This should reveal if there is any known flood risk. If so, additional investigations should be carried out.
Just had an offer accepted on a new build apartment in Ludgershall. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Ludgershall
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I decided to have a survey completed on a property in Ludgershall in advance of instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks will refuse to issue a mortgage on this type of house.
It varies from the lender to lender. Santander has different requirements for example to Halifax. Should you wish to call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Ludgershall. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ludgershall to see if the conveyancing costs will increase in light of this.
I am downsizing from my property. My former lawyers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Ludgershall if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Ludgershall. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I am thinking of appointing a conveyancing solicitor in Ludgershall for my home move. Is it possible to check a firm’s record with the legal regulator?
You can read presented Solicitor Regulator Association (SRA) decisions resulting from investigations started on or after 1 January 2008. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, call +44 (0)121 329 6800. The regulator could recorded telephone calls for training purposes.