Last August we completed a house move in Avery Hill. We have since encountered a number of problems with the property which we suspect were overlooked in the conveyancing searches. What action can we take? Can you clarify the nature of searches that should have been conducted for conveyancing in Avery Hill?
The question is vague as what problems have arisen and if they are relate to conveyancing in Avery Hill. Conveyancing searches and investigations initiated during the legal transfer of property are supposed to help avoid problems. As part of the legal transfer of property, a property owner fills in a document known as a Seller’s Property Information Form. If the information turns out to be misleading, then you may have a claim against the vendor 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 Avery Hill.
Can I use your services to find a Conveyancing solicitor in Avery Hill even if I’m not buying or selling a house, for example if I intend to acquire a shop in Avery Hill with a mortgage from Accord Mortgages Ltd?
Our comparison service is predominantly there to get a quote from domestic conveyancing solicitors in Avery Hill but we have listed at the end of this page a few Avery Hill commercial conveyancing firms. You will need to enquire with the solicitors directly to see if they can also act for Accord Mortgages Ltd
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Avery Hill. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 24/11/2020, the requirements read as follows :
It has been three months since my purchase conveyancing in Avery Hill concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
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 straight forward, chain free conveyancing. Avery Hill is the location of the property. Is there any guidance you can impart?
Flying freeholds in Avery Hill are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Avery Hill you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Avery Hill 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.
I'm converting the mortgage on my current house to a buy to let mortgage with Barclays Direct and I will use the ballance of the raised equity towards a second house. The location we are looking at is Avery Hill. Will your lawyers be able to act for the two mortgage companies and link together the transactions?
Make use of our comparison tool on this page to ensure that the conveyancers are approved by both lenders. Assuming that they are the lawyer will be able to simultaneously deal with the two transactions but you should have a chat with you solicitor and communicate your desired outcome and requirements.