My partner and I have recently purchased a house in Neston. We have noticed several problems with the property which we suspect were omitted in the conveyancing searches. Is there anything we can do? What searches should? have been ordered for conveyancing in Neston?
It is not clear from the question as to the nature of the problems and if they are unique to conveyancing in Neston. Conveyancing searches and due diligence undertaken as part of the buying process are carried out to help avoid problems. As part of the legal transfer of property, a seller fills in a form known as a Seller’s Property Information Form. If the information is inaccurate, you may have a misrepresentation claim against the seller 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 Neston.
Is there a reason why leasehold purchase conveyancing in Neston costs more?
In short, leasehold conveyancing in Neston and Cheshire usually warrants more work compared to freehold conveyancing. This includes reviewing the lease, corresponding with the landlord about the service of required notices, obtaining current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first entered into.
It has been 2 months following my purchase conveyancing in Neston completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Neston differ for new build properties?
Most buyers of new build premises in Neston come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Neston tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Neston or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Neston is where the house is located. Can you offer any guidance?
Flying freeholds in Neston are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Neston you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Neston 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 property.
We are thinking of using a web based solicitor as opposed to a Neston conveyancing firm. Am I making a mistake?
Various benefits exist in having the opportunity to attend a local Neston conveyancing solicitor for instance
- signing papers same day
- getting one on one explanations of matters you don't understand
- the ability to raise concerns if things are not going as expected
When checking fees, look carefully for hidden extras. The majority decent Neston high street solicitors give an all-inclusive price. Often online companies seem to offer low cost fees, but have hidden 'extras' in the in the terms and conditions.