Will our lawyer be raising enquiries concerning flooding during the conveyancing in Great Coates.
Flooding is a growing risk for conveyancers dealing with homes in Great Coates. There are those who acquire a property in Great Coates, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to offer advice on flood risk, but there are a numerous checks that may be carried out by the purchaser or by their conveyancers which can figure out the risks in Great Coates. The standard completed inquiry forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual question of the vendor to discover whether the property has historically flooded. If flooding has previously occurred and is not disclosed by the vendor, then a purchaser may bring a legal claim for losses resulting from an incorrect reply. The buyer’s solicitors may also commission an environmental search. This should reveal if there is a recorded flood risk. If so, further inquiries should be conducted.
The deeds to our property are lost. The lawyers who conducted the conveyancing in Great Coates 10 years ago no longer exist. What do I do?
Gone are the days when you need to have the physical deeds to evidence that you are the owner of your registered land or property, as the Land Registry have everything they need in a digital format.
Due to the advice of my in-laws I had a survey completed on a property in Great Coates in advance of retaining lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some lenders may not grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Great Coates. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my property. My former lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Great Coates if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Great Coates. 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.
What are your top tips when it comes to appointing a Great Coates conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Great Coates conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Great Coates conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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What volume of lease extensions have they completed in Great Coates in the last year? How familiar is the practice with lease extension legislation?
I own a 1 bedroom flat in Great Coates, conveyancing formalities finalised 7 years ago. How much will my lease extension cost? Similar flats in Great Coates with an extended lease are worth £175,000. The ground rent is £65 per annum. The lease comes to an end on 21st October 2083
With only 58 years unexpired we estimate the premium for your lease extension to range between £23,800 and £27,400 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
Are Great Coates conveyancing solicitors duty bound by the Law Society to publish transparent conveyancing costs?
Contained within the Solicitors Code of Conduct are specific rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have a practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Great Coates or beyond.