Last June we completed a house move in Cotswolds. We have noticed several problems with the property which we consider were overlooked in the conveyancing searches. What action can we take? What searches should? have been conducted for conveyancing in Cotswolds?
The query is not clear as to the nature of the problems and if they are relate to conveyancing in Cotswolds. Conveyancing searches and investigations initiated during the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, a property owner answers a questionnaire known as a Seller’s Property Information Form. If the information provided is inaccurate, 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 Cotswolds.
My wife and I have recently appointed a conveyancing solicitor in Cotswolds. I need to find out if they are accepted on the Britannia conveyancing panel. Can you or the lender confirm if they are on the panel?
The first thing you should do is contact your conveyancer and ask them whether they can act for the bank. Otherwise you should get in touch with Britannia who may be able to confirm.
My aunt pointed out to me me that in buying a property in Cotswolds there could be various restrictions preventing external alterations to a property. Is this right?
There are anumerous of properties in Cotswolds which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Cotswolds should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have agreed to purchase a house in Cotswolds. One unusual aspect is that the roof has a solar panel. Co-operative have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Co-operative your lawyer must check the conveyancing requirements outlined in Section two of UK Finance Lenders’ Handbook for Co-operative. The CML Handbook includes minimum specifications for solar panel roof-space leases, and solicitors are required to report to Co-operative where a lease fails to comply with these specifications. The conditions relate to the installation of panels on properties countrywide and is not isolated to Cotswolds.
Intending to buy a maisonette in Cotswolds. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Cotswolds conveyancer is on the Coventry BS conveyancing panel.
4 months have gone by since my purchase conveyancing in Cotswolds concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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.
Just had an offer accepted on a new build apartment in Cotswolds. 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.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Cotswolds
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I have been on the look out for a leasehold apartment up to £235,500 and identified one near me in Cotswolds I like with a park and station in the vicinity, however it's only got 49 remaining years left on the lease. There is not much else in Cotswolds suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage that many years may be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.