Last December we completed a house move in Norris Green. We have since encountered a number of issues with the property which we believe were overlooked in the conveyancing searches. What action can we take? Can you clarify the type of searches that needed to have been carried out as part of conveyancing in Norris Green?
The query is not clear as to the nature of the problems and if they are unique to conveyancing in Norris Green. Conveyancing searches and due diligence initiated during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, the vendor answers a form called a SPIF. If the information ends up being 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 Norris Green.
Having sold my house in Norris Green last October but my buyer keeps SMS messaging every few hours complaining that their conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your disposal your lawyer is duty bound to forward the transfer deeds and all additional paperwork to the buyer’s conveyancer. If applicable, your conveyancer should also confirm that the home loan has been repaid to the purchasers conveyancers. There are no post completion procedures just for conveyancing in Norris Green.
Do the Building Society Association intend to launch a search tool with a view to list firms on the Norwich and Peterborough Building Society conveyancing panel for example in Norris Green?
We would not expect to be advised of any plans on the part of the BSA to promote such a tool.
I'm buying my first flat in Norris Green with the aid of help to buy. The sellers would not move on the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not reveal to my lawyer about this side-deal as it would put at risk my mortgage with TSB. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Having had my offer accepted I require leasehold conveyancing in Norris Green. Before diving in I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and most are in Norris Green - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Norris Green - A selection of Queries Prior to buying
-
The best form of lease arrangement is where the freehold title is in the ownership of the leaseholders. In this scenario the lessees have being in charge if their destiny and notwithstanding that a managing agent is often retained where it is larger than a house conversion, the managing agent employed by the leaseholders. Who manages the building? What is the yearly maintenance fee and ground rent?
My brother-in-law has suggested I instruct a conveyancing solicitor in Norris Green. I need to find out if they are listed on the lender's approved list of lawyers. Can you help?
It’s a good idea contact the lawyer and ask them if they are on the bank's approved list. If that does not help call us and we can investigate and revert. If they are not on the bank panel we we can help find a reputable conveyancing solicitor in Norris Green on the approved list for your mortgage company.