Will my lawyer be raising questions concerning flooding during the conveyancing in Fenny Stratford.
Flooding is a growing risk for lawyers dealing with homes in Fenny Stratford. There are those who buy a house in Fenny Stratford, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, however there are a number of searches that may be initiated by the purchaser or by their lawyers which should give them a better appreciation of the risks in Fenny Stratford. The standard completed inquiry forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual question of the seller to determine if the premises has suffered from flooding. In the event that the residence has been flooded in past which is not disclosed by the vendor, then a buyer may commence a compensation claim as a result of such an misleading reply. A buyer’s solicitors should also commission an enviro search. This should higlight if there is a recorded flood risk. If so, additional investigations should be carried out.
My wife and I have a 4 bedroom Victorian house in Fenny Stratford. Conveyancing practitioner represented me and Accord Mortgages Ltd. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You should 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Fenny Stratford and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing practitioner who conducted the conveyancing.
The estate agent has sent us the confirmation of our purchase of a new build flat in Fenny Stratford. Conveyancing is daunting 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 legal work.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Fenny Stratford
Please confirm the Lease plans are surveyor prepared. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. 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.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Fenny Stratford is the location of the property. Can you shed any light on this issue?
Flying freeholds in Fenny Stratford are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fenny Stratford you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fenny Stratford may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How do I search for a Fenny Stratford law firm on the Nationwide Building Society conveyancing panel? I have a car and am prepared to travel upto 20miles to meet the conveyancer.
Feel free to make use of the facility on this website. Please pick a mortgage company and your location and you will see a number of Fenny Stratford conveyancing lawyers located nearest you. We have listed some Fenny Stratford conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Nationwide Building Society panel
Your search tool is useful but there are many lawyers listed near Fenny Stratford being on the lender conveyancing panel. Can you recommend a specific firm on the conveyancing panel for our bank?
We do not recommend specific Fenny Stratford firms as the right Fenny Stratford conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Fenny Stratford knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..