Last August we completed a house move in East Dulwich. We have noticed several problems with the house which we suspect were omitted in the conveyancing searches. Is there anything we can do? What searches should? have been carried out as part of conveyancing in East Dulwich?
The question is vague as to the nature of the problems and if they are unique to conveyancing in East Dulwich. Conveyancing searches and due diligence undertaken as part of the buying process are supposed to help avoid problems. As part of the legal transfer of property, a seller answers a form called a Seller’s Property Information Form. answers proves to be inaccurate, then you may have a claim against the seller 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 Dulwich.
It has been four months following my purchase conveyancing in East Dulwich concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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.
How does conveyancing in East Dulwich differ for new build properties?
Most buyers of new build premises in East Dulwich come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in East Dulwich typically purchase the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in East Dulwich or who has acted in the same development.
I opted to have a survey carried out on a house in East Dulwich in advance of appointing lawyers. I have been told that there is a flying freehold aspect to the house. Our surveyor has said that some mortgage companies will refuse to give a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in East Dulwich. Conveyancing may be slightly more expensive based on your lender's requirements.
My father has recommend that I appoint his conveyancing solicitors in East Dulwich. Should I use them?
Much as we are happy to recommend a East Dulwich conveyancing lawyer the best way to select a conveyancing practitioner is to have referrals from friends or relatives who have used the firm you're contemplating using.
Our mortgage broker has recommended their conveyancing practitioner for our conveyancing in East Dulwich - Is it not simpler advisable to just instruct them?
This is not necessarily the case and you are free to use whichever solicitor you decide for your East Dulwich home move. A property lawyer put forward by a 3rd party adviser may not always be the right conveyancing practitioner, they may suggest their preferred conveyancing firm who are based remotely. In this instance you may not have contact with your conveyancing practitioner and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.