My brother and I have just bought a property in Brading. We have noticed several problems with the property which we suspect were omitted in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been conducted for conveyancing in Brading?
It is not clear from the question as what problems have arisen and if they are specific to conveyancing in Brading. Conveyancing searches and investigations initiated as part of the buying process are carried out to help avoid problems. As part of the legal transfer of property, a seller completes a questionnaire called a SPIF. If the information ends up being misleading, then you may have a claim 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 Brading.
Completed the sale of my flat in Brading last April but our buyer keeps calling every few hours complaining that her conveyancer is waiting to hear from mylawyer. What are the post completion sale formalities following completion?
Following your disposal your solicitor should deliver the transfer documentation and all additional paperwork to the buyer’s lawyers. If applicable, your lawyer should also send confirmation that the home loan has been paid off to the purchasers conveyancers. There are no post completion formalities just for conveyancing in Brading.
I have been referred to a conveyancing solicitor in Brading. I need to find out if they are on the Barclays Direct conveyancing panel. Can you or the lender confirm if they are on the panel?
The first thing to do is contact your solicitor and enquire if they are on the lender panel. Otherwise you should call Barclays Direct who may be able to help.
I need some fast conveyancing in Brading as I am faced with pressure to sign on the dotted line within one month. Fortunately I do not require a mortgage. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at liberty not to do searches although no solicitor would suggest that you don't. With lots of history conveyancing in Brading the following are instances of what can show up and therefore affect future saleability: Enforcement Notices, Outstanding Fees, Outstanding Grants, Road Schemes,...
Me and my brother have a renovated Georgian house in Brading. Conveyancing lawyer represented me and Clydesdale. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Brading and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing practitioner who conducted the conveyancing.
I decided to have a survey completed on a house in Brading in advance of retaining solicitors. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks will refuse to grant a mortgage on such a premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Brading. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brading to see if the conveyancing costs will increase in light of this.