Should our lawyer be raising enquiries about flooding during the conveyancing in Stony Stratford.
The risk of flooding is if increasing concern for solicitors dealing with homes in Stony Stratford. There are those who acquire a property in Stony Stratford, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to offer advice on flood risk, but there are a various searches that can be initiated by the purchaser or on a buyer’s behalf which should figure out the risks in Stony Stratford. The standard property information forms given to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the owner to discover if the property has ever been flooded. In the event that flooding has previously occurred which is not disclosed by the owner, then a purchaser may commence a compensation claim resulting from an inaccurate reply. The buyer’s conveyancers should also order an enviro search. This should disclose whether there is any known flood risk. If so, additional inquiries should be made.
I used Action Conveyancing several years ago for my conveyancing in Stony Stratford. Now, I need my files but the law firm is no longer operating. What do I do?
You should call 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 Stony Stratford of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Stony Stratford benefiting from help to buy. The developers refused to budge the price so I negotiated £7000 of extras instead. The property agent suggested that I not disclose to my lawyer about the extras as it could put at risk my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Stony Stratford is where the house is located. Is there any guidance you can give?
Flying freeholds in Stony Stratford are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stony Stratford you must be sure that your lawyer goes 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 Stony Stratford may determine 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.
My company is hoping to take over a lease of a shop on the high street. Can you recommend conveyancers offering fixed costs for commercial conveyancing in Stony Stratford for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Stony Stratford, including the disposal and acquisition of businesses as well as simply premises. If you are looking to buy or lease a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right solicitor. Regarding the costs this will depend on the structure and nuances of the proposed transaction. Please provide us with your contact information or phone us so that we can supply you with comprehensive commercial conveyancing calculation.
My husband and I are FTB’s - had an offer accepted, but the agent advised that the vendor will only go ahead if we appoint their chosen lawyers as they want an ‘expedited deal’. My instinct tells me that we should use a family solicitor accustomed to conveyancing in Stony Stratford
We suspect that the owner is unaware of this demand. Should the seller require ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Contact the vendors directly and make sure they comprehend that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you will continue to appoint your preferred Stony Stratford conveyancing lawyers - as opposed tothose that will provide their negotiator at the agency a kickback or meet his conveyancing figures demanded by HQ.