Should my lawyer be raising questions about flooding as part of the conveyancing in Romford.
Flooding is a growing risk for conveyancers carrying out conveyancing in Romford. Some people will buy a house in Romford, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to impart advice on flood risk, but there are a various searches that can be undertaken by the purchaser or on a buyer’s behalf which should give them a better understanding of the risks in Romford. The standard information sent to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to determine whether the property has ever been flooded. If flooding has previously occurred and is not notified by the seller, then a buyer may bring a claim for damages as a result of such an inaccurate answer. The purchaser’s lawyers should also order an environmental report. This should disclose whether there is any known flood risk. If so, further inquiries will need to be conducted.
Have purchased a a terraced house in Romford , how long will it take for the Land Registry to record my ownership? My Romford conveyancing solicitor has been very slow, so I want to be certain that my name is registered.
There is nothing unique when it comes to conveyancing in Romford registration formalities. As opposed to being determined by geographic area, timeframes can adjust according to who lodges the application, whether it is in order and whether the Land registry must send notices to any other parties. At present in the region of 80% of such applications are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Registration takes place once the new owner has moved in to the property therefore an expedited registration is not always an essential issue yet if there is a degree of urgency associated with the registration then you or your lawyers must speak with the land registry and explain the circumstances.
I am purchasing a new build house in Romford benefiting from help to buy. The sellers would not reduce the amount so I negotiated £7000 of extras instead. The estate agent suggested that I not to tell my solicitor about the extras as it could adversely affect my loan with Nottingham Building Society. Do I keep my lawyer in the dark?.
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.
Hoping to buy a property located in Romford and I am already nervous. I couldn't find anything specific about Romford. Conveyancing will be needed in due course but do you know about the Romford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Romford. In the meantime here are some basic statistics that we found
In my capacity as executor for the estate of my aunt I am selling a house in Monmouth but I am based in Romford. My solicitor (who is 260 kilometers awayhas requested that I sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Romford to attest and place their company stamp on the document?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are based in Romford
We are in the process of acquiring a flat in Romford. Conveyancing is not yet done but we would like keep the amount we are are buying for a secret from sites such as Zoopla. How can this be achieved ?
HM Land Registry as a matter of law obliged to note price sold data on a register of the title for residential properties countrywide including premises in Romford. The register of title is a public document, so the Land Registry would be breaking the law excluded specific properties such as the one in Romford.
You can make a request of HMLR to withhold the amount paid entry however the answer will be in the negative.