Is the fact that my conveyancer in East Cowes is not on my bank's solicitor panel that there is a problem with the standard of the firm’s work?
That would most likely be a wrong assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should contact the East Cowes conveyancing firm and ask them why they are no longer on the approved list for your bank.
Last August we completed a house move in East Cowes. We have since encountered a number of problems with the property which we believe were missed in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that should have been carried out for conveyancing in East Cowes?
The query is vague as what problems have arisen and if they are specific to conveyancing in East Cowes. Conveyancing searches and due diligence initiated as part of the legal transfer of property are supposed to help avoid problems. As part of the legal transfer of property, the vendor completes a questionnaire referred to as a Seller’s Property Information Form. answers turns out to be misleading, 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 East Cowes.
I purchased a freehold house in East Cowes but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in East Cowes and has limited impact for conveyancing in East Cowes but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Will my conveyancing lawyers need to check that the building insurance when buying a house in East Cowes. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 30/11/2020, the requirements read as follows :
My relative suggested that where I am purchasing in East Cowes I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard East Cowes conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about East Cowes around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, East Cowes Education with maps and statistics, Local Amenities and other useful data about East Cowes.
I am looking to sell my property. My previous conveyancers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in East Cowes if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in East Cowes. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.