Last May we completed a house move in Princes Risborough. We have noticed several issues with the house which we consider were omitted in the conveyancing searches. What action can we take? What searches should? have been carried out as part of conveyancing in Princes Risborough?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Princes Risborough. Conveyancing searches and investigations undertaken during the legal transfer of property are designed to help avoid problems. As part of the process, a seller fills in a questionnaire called a SPIF. If the information is misleading, 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 Princes Risborough.
I am the registered owner of a freehold property in Princes Risborough yet charged rent, why is this and what is this?
It is rare for properties in Princes Risborough and has limited impact for conveyancing in Princes Risborough but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.
The deeds to my house can not be found. The lawyers who handled the conveyancing in Princes Risborough 5 years ago have long since closed. What are my options?
Nowadays there are copies made of almost everything, and your lawyer should know exactly where to look for all the suitable paperwork so you can purchase or sell your house without any difficulty. If copies are not available, your solicitor can arrange cover in the form of insurance or indemnities against future claims on the premises.
The estate agent has sent us the confirmation of our purchase of a new build flat in Princes Risborough. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Princes Risborough
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are architect prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Princes Risborough is the location of the property. Is there any guidance you can impart?
Flying freeholds in Princes Risborough are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Princes Risborough you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Princes Risborough may ascertain 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.
Is it possible to transfer to a new firm as I need to find one who is on the Virgin Money conveyancing panel. I instructed a local conveyancing solicitor in Princes Risborough five minutes from me but the firm is not approved by Virgin Money
It would be our pleasure to assist you find a conveyancing solicitor in Princes Risborough on the Virgin Money panel. Please note that the law firms that we work with do not pay us a referral fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Princes Risborough. In making use of search facility on this website, you can contrast fees for conveyancing solicitors in Princes Risborough and throughout England and Wales.