Will our solicitor be raising enquiries regarding flooding as part of the conveyancing in Gloucestershire.
The risk of flooding is if increasing concern for conveyancers conducting conveyancing in Gloucestershire. There are those who purchase a property in Gloucestershire, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, but there are a number of checks that may be undertaken by the buyer or by their lawyers which can figure out the risks in Gloucestershire. The standard information supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the vendor to find out if the property has ever been flooded. If the premises has been flooded in past which is not disclosed by the vendor, then a purchaser could bring a claim for damages stemming from an misleading response. The purchaser’s conveyancers should also commission an environmental search. This should indicate whether there is a recorded flood risk. If so, additional investigations should be carried out.
I have recentlyfound out that Stirling Law have been shut down. They carried out my conveyancing in Gloucestershire for a purchase of a leasehold apartment 12 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The quickest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Gloucestershire conveyancing specialists.
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Gloucestershire I like with open areas and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Gloucestershire for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage that many years will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you can request that they 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 speak to your conveyancing lawyer concerning this matter.
Is it possible to transfer to a new conveyancer as I need to find a firm on the The Royal Bank of Scotland conveyancing panel. I was using a family conveyancing solicitor in Gloucestershire five minutes from me but he is not accepted by The Royal Bank of Scotland
It would be our pleasure to help you select a conveyancing solicitor in Gloucestershire on the The Royal Bank of Scotland panel. Please note that the law firms that we list do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Gloucestershire. In utilising search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Gloucestershire.
As co-executor for the will of my father I am disposing of a residence in Cardiff but live in Gloucestershire. My solicitor (based 260 kilometers from merequires that I execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Gloucestershire who can witness this legal document for me?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Gloucestershire based
What are the common problems that you come across in leases for Gloucestershire properties?
Leasehold conveyancing in Gloucestershire is not unique. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. The following missing provisions could result in a defective lease:
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Maintenance charge proportions which don’t add up to the correct percentage Repairing obligations to or maintain parts of the building
You will have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Leeds Building Society, and TSB all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the purchaser to withdraw.
Gloucestershire Leasehold Conveyancing - Sample of Questions you should consider Prior to buying
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Best to be warned whether changing the roof or some other major work is due shortly that will be shared by the tenants and will dramatically impact the level of the maintenance fees or result in a specific payment. You should want to find out as much as possible concerning the managing agents as they can either make your living at the property much simpler or problematic. As the proprietor of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to daily matters such as the upkeep of the common parts. Ask prospective neighbours whether they are happy with their management. Finally, find out the dates that you are obliged pay the service charge to the managing agents and specifically what you get for your money.