My brother and I have just acquired a house in Swavesey. We have noticed several problems with the house which we suspect were overlooked in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been carried out for conveyancing in Swavesey?
The query is vague as what problems have arisen and if they are specific to conveyancing in Swavesey. Conveyancing searches and due diligence initiated as part of the legal transfer of property are designed to help avoid problems. As part of the process, a seller answers a questionnaire known as a SPIF. answers is incorrect, you could possibly take legal action against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Swavesey.
We wanted to use a conveyancing solicitor in Swavesey for our house purchase. Our broker has since notified us that our bank Clydesdale won't deal with them. Why is this not regarded as unfair competition?
Before the recession most mortgage companies had a different appetite for risk. Almost all Swavesey conveyancing firms would have been on many mortgage company panels. The Financial Services Authority in 2010 completed a thematic review into mortgage fraud which concluded: know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more information from law firms about their operations and their employees as well as establishing certain criteria such a completing on a minimum amount of transactions. Many Swavesey conveyancing firms that have been excluded from lender panels have a 100% healthy track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Swavesey is amongst the hundreds of areas where the solicitors showing on our search results are members of the panel for Clydesdale.
I have been told that property searches are the number one cause of obstruction in Swavesey conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Swavesey.
How does conveyancing in Swavesey differ for newly converted properties?
Most buyers of new build or newly converted property in Swavesey approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is built. This is because new home sellers in Swavesey typically buy the site, 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 property lawyers 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 Swavesey or who has acted in the same development.
My brother has recommend that I instruct his conveyancing solicitors in Swavesey. Should I use them?
There are no two ways about it the best way to choose a conveyancing solicitor is to have guidance from friends or relatives who have experience in using the firm you're considering.
I need to review quotes for conveyancing in Swavesey from three solicitor and appoint one. Am I right to tell them to sit tight until I a suitable house to buy.
We suggest that you only request your property lawyer to start work and apply for searches after the sales confirmation has been sent by the selling agent particularly as Swavesey conveyancing searches are costly.