Unfortunately I am unable to travel far from Axbridge. What is the rationale as to why all Axbridge conveyancers aren't included on all bank panels?
As inequitable as it may seem for banks to limit who can represent them, from the public’s or lawyer’s viewpoint, the the contrary view is that mortgage companies are increasingly anxious and consider it necessary to shield themselves from mortgage fraud. As a result of this concern lenders are limiting their conveyancing panel to a manageable size.
Last June we completed a house move in Axbridge. We have since encountered a number of problems with the house which we believe were missed in the conveyancing searches. Do we have any recourse? What searches should? have been conducted for conveyancing in Axbridge?
The question is vague as what problems have arisen and if they are unique to conveyancing in Axbridge. Conveyancing searches and due diligence undertaken as part of the buying process are supposed to help avoid problems. As part of the process, the vendor fills in a document referred to 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 Axbridge.
Can your site be used to recommend a Conveyancing solicitor in Axbridge even if I’m not buying or disposing of a house, for example where I wish to acquire an office in Axbridge with a mortgage from Platform Home Loans Ltd?
The service is mainly there to help choose domestic conveyancing solicitors in Axbridge but we have set out towards the end of this page a few Axbridge commercial conveyancing firms. You will need to speak with the firm directly to see if they are also authorised to represent Platform Home Loans Ltd
Are the BSA planning on creating a searchable register to to identify solicitors on the Coventry BS conveyancing panel for example in Axbridge?
We are not aware of any intention on the part of the BSA to promote such a tool.
How does conveyancing in Axbridge differ for newly converted properties?
Most buyers of new build residence in Axbridge come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Axbridge tend to buy the land, 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 accustomed to new build conveyancing in Axbridge or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one near me in Axbridge I like with open areas and transport links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Axbridge for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.