My wife and I have just acquired a property in Parsons Green. We have since encountered a number of problems with the property which we believe were omitted in the conveyancing searches. What action can we take? What searches should? have been conducted as part of conveyancing in Parsons Green?
The question is vague as to the nature of the problems and if they are unique to conveyancing in Parsons Green. Conveyancing searches and due diligence initiated during the buying process are supposed to help avoid problems. As part of the process, the vendor completes a form referred to as a SPIF. answers proves to be misleading, then you may have a claim against the vendor 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 Parsons Green.
The Parsons Green conveyancing solicitors that just started acting on my purchase in Parsons Green have without warning closed. They were on acting for me because I needed a lawyer on the Nottingham conveyancing panel and my family Parsons Green lawyer was not. I paid them 275 plus VAT on account. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. 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 Nottingham 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 may be able to assist.
If you had a top tip for selecting a conveyancing solicitor in Parsons Green what would it be?
We would encourage you not to go for the cheapest Parsons Green conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
is it true that all Parsons Green solicitor firms on the Nottingham conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nottingham approved list of solicitors they would need to be governed by the SRA. Many mortgage companies do list licenced conveyancers on their panel in which case such practice would be regulated by the Council of Licensed Conveyancers.
Can I be sure that the Parsons Green conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in Parsons Green obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer conducting your conveyancing.
I used Arc property Solicitors a few years ago for my conveyancing in Parsons Green. Now, I need my documents however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Parsons Green of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a flat up to £245,000 and identified one near me in Parsons Green I like with a park and station nearby, the downside is that it's only got 49 years on the lease. There is not much else in Parsons Green suitable, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan that many years will be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
My sealed bid on house in Parsons Green has been accepted, but there is a chain. The vendors have submitted an offer on on an apartment, although it’s not yet tied up, and has viewings of other apartments in the pipeline. I have chosen a local conveyancing lawyer in Parsons Green. What should be my next step? At what stage should I apply for the mortgage with Principality?
It is standard to have concerns where there is a chain given your reluctance to incur costs too early (mortgage application is approx one thousand pounds, then survey, Parsons Green conveyancing search costs, etc). First, you must check that your lawyer is on the Principality approved list. Concerning the next phase this very much depends on the uniqueness of your transaction, desire for this property and on the state of the market. In a rising market some home buyers will apply for the mortgage with Principality and arrange for the valuation and only if it was satisfactory would they request their property lawyer to proceed with the conveyancing in Parsons Green.