Last June we completed a house move in Duxford. We have since encountered a number of issues with the property which we suspect were missed in the conveyancing searches. What action can we take? What searches should? have been conducted as part of conveyancing in Duxford?
The query is vague as what problems have arisen and if they are unique to conveyancing in Duxford. Conveyancing searches and investigations undertaken during the buying process are carried out to help avoid problems. As part of the legal transfer of property, a property owner fills in a form called a SPIF. answers provided is incorrect, 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 Duxford.
We are buying a house and need a conveyancing solicitor in Duxford who is on the Leeds Building Society solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Duxford.
My wife and I are purchasing a flat in Duxford. It might be a silly question but how we can trust a lawyer? At some point we will need to put funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
The mortgage over my property is with Principality for my property in Duxford. Conveyancing has been completed 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Principality?
Principality must be informed of your intention before renting your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. You need not do this via a Principality conveyancing panel solicitor.
I had an offer accepted on an apartment in Duxford on 23/8/2021, valuation was booked five days after, all came back fine. Solicitor retained, so the only thing outstanding was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Are Leeds Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Duxford differ for new build properties?
Most buyers of new build property in Duxford contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Duxford typically 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 Duxford or who has acted in the same development.
My business partner and I are planning to lease a unit on a shopping parade. Can you recommend solicitors offering competitive charges for non-domestic conveyancing in Duxford for below £2000?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Duxford, including the sale and acquisition of businesses as well as simply premises. Whether you are intending to acquire or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will find you the right firm. As for the fees this will depend on the structure and nuances of the proposed transaction. Please provide us with your contact information or email so as to enable us to supply you with a detailed commercial conveyancing quote.
We are about to complete buying a house in Duxford but as a result of wreckage from the recent storms I have negotiated compensation from the current proprietors of £3k by way of a deduction in the price. This was going to be addressed as part of the conveyancing process yet my lender will not agree to this. Why were they informed?
The conveyancer that is on a lender conveyancing panel is duty bound to disclose to the mortgage company of any variations to the sale price. If you were to refuse your solicitor to notify the price change to your lender then they would have no choice but to refrain from representing you and the bank.