Last October we completed a house move in Market Harborough. We have noticed several problems with the property which we suspect were omitted in the conveyancing searches. Is there anything we can do? Can you clarify the nature of searches that needed to have been ordered for conveyancing in Market Harborough?
It is not clear from the question as to the nature of the problems and if they are unique to conveyancing in Market Harborough. Conveyancing searches and investigations undertaken as part of the legal transfer of property are supposed to help avoid problems. As part of the legal transfer of property, a seller answers a form referred to as a Seller’s Property Information Form. If the information ends up being misleading, you could possibly take legal action 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 Market Harborough.
The Market Harborough conveyancing lawyers that I recently instructed on my house acquisition in Market Harborough have suddenly shut down. I only went with them because I had to have a lawyer on the UBS conveyancing panel and my preferred Market Harborough lawyer was not. I wrote them a cheque for £250 in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the UBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
I completed on my flat on 14 July and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Market Harborough expressed confidence that it should be formalised in less than a month. Are titles in Market Harborough particularly slow to register?
As far as conveyancing in Market Harborough is concerned, registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. At present roughly three quarters of such applications are fully addressed within two weeks but some can be subject to extensive hold-ups. Historically registration takes place after the new owner is living at the premises therefore post completion formalities is not typically top priority but where there is a degree of urgency associated with the registration then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
About to purchase a new build flat in Market Harborough. Conveyancing is a frightening process 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 conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Market Harborough
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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Market Harborough is the location of the property. What do you suggest?
Flying freeholds in Market Harborough are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Market Harborough you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Market Harborough may decide 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 premises.
My business partner and I are hoping to lease a unit on a shopping parade. Can you recommend conveyancers offering fixed fees for non-domestic conveyancing in Market Harborough for under 1500k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Market Harborough, including the disposal and purchase of businesses as well as simply premises. Whether you are looking to purchase or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. As for the fees this will depend on the structure and heads of terms of the deal. Please provide us with your details or email us so that we can furnish you with comprehensive commercial conveyancing calculation.