Last October we completed a house move in Limehouse. We have noticed several problems with the property which we believe were overlooked in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been carried out for conveyancing in Limehouse?
The question is not clear as to the nature of the problems and if they are unique to conveyancing in Limehouse. Conveyancing searches and investigations undertaken as part of the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, a property owner fills in a questionnaire referred to as a Seller’s Property Information Form. answers proves to be inaccurate, you may have a misrepresentation claim 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 Limehouse.
I require quick conveyancing in Limehouse as I am under pressure to sign on the dotted line in less than 3 weeks. A mortgage is not required. Can I decline from having conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you are at liberty not to do searches although no solicitor would suggest that you don't. With lots of history conveyancing in Limehouse the following are examples of issues that can crop up and therefore impact the marketability of the property: Enforcement Notices, Outstanding Fees, Overdue Grants, Road Schemes,...
I am buying my first flat in Limehouse benefiting from help to buy. The developers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not disclose to my lawyer about this extras as it would jeopardize my loan with Skipton Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a flat up to £195,000 and identified one near me in Limehouse I like with a park and railway links nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Limehouse suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan that many years will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
Taking into account that I will soon spend hundreds of thousands of pounds on a property in Limehouse I wish to talk to a lawyer regarding thehouse move prior to giving the go ahead to the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be doing your property ownership legalities in Limehouse.There is no ‘factory style conveyancing’ - each client is an important person, not a file number. The law firms that we put you in touch with believe that the fees you are provided with for your conveyancing in Limehouse should be the amount on the final invoice that you end up paying.
It has taken forever and a day but a loan offer from a mortgage company for the refinancing of my 4 bedroom maisonette is due by the end of next week. Are you able to suggest a cheap remortgage conveyancing practitioner in Limehouse ?
You have come to the wrong place to search for the cheapest conveyancing solicitors in Limehouse. Our goal is to offer cost effective conveyancing but we do not work with the cheapest lawyers. Do not be fooled by brokers offering low cost conveyancing in Limehouse.At best, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up invoiced for extras and still not receive the service required.