I am purchasing a property mortgage free in Seaview. I have been residing for the previous 15 years in Seaview. Conveyancing searches are exorbitant. As I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?
In the absence of a mortgage, then almost all of the Seaview conveyancing searches are non-obligatory. Your conveyancer will try and steer you, perhaps strongly, that you should have searches completed, but he has a professional duty to take that path of advice. Do take into account; if you are likely to sell the house one day, it may be of relevance to your prospective purchaser what the searches determine. On occasion houses with no practical issues can still show up unpredicted search results. A good conveyancing solicitor in Seaview should provide you some practical advice here.
As a novice what is the most important piece of guidance you can give me concerning purchase conveyancing in Seaview?
Not many law firms or advisers will tell you this but conveyancing in Seaview or throughout England and Wales is often a confrontational process. In other words, when it comes to conveyancing there exists plenty of room for friction between you and others involved in the legal transfer of property. E.g., the vendor, property agent and on occasion a bank. Choosing a lawyer for your conveyancing in Seaview an important selection as your conveyancer is your adviser, and is the ONE person in the legal process whose responsibility is to look after your legal interests and to keep you safe.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone has to be blamed for the process being so protracted. You must always trust your solicitor ahead of the other players in the home moving process.
We are purchasing a property in Seaview. I might seem paranoid but how we can trust a lawyer? On completion day we have to put money into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Completion of my remortgage has taken place for my property in Seaview. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I've digested plenty of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Seaview solicitor - who is on the Barclays conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Seaview postcode. As you are getting a mortgage with Barclays, you could contact them to see if they have a list of approved surveyors in Seaview.
It has been four months since my purchase conveyancing in Seaview took place. I have checked the Land Registry site which shows that I paid £200,000 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 residence 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 Seaview differ for new build properties?
Most buyers of new build residence in Seaview approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is completed. This is because builders in Seaview typically 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 conveyancers 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 Seaview or who has acted in the same development.
Am in the process of buying my first property in Seaview. Conveyancing solicitor has been instructed. The mortgage adviser pointed out that a survey is not appropriate as the house was only constructed in 2002.
You would be best advised to take a Home Buyer's Report. Given the premises was built more than a decade ago the property will be without a warranty, so you don't want to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could suffice. The report should highlight any obvious issues and suggest further investigation where appropriate. Where there are any indications of material issues obtain a full Building Survey from the beginning.