My brother and I have lately bought a property in Woodhouse and Handsworth. We have since encountered a number of problems with the house which we suspect were missed in the conveyancing searches. Is there anything we can do? Can you clarify the nature of searches that should have been conducted as part of conveyancing in Woodhouse and Handsworth?
The query is vague as to the nature of the problems and if they are relate to conveyancing in Woodhouse and Handsworth. Conveyancing searches and investigations initiated as part of the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a seller completes a questionnaire known as a SPIF. If the information is incorrect, you could possibly take legal action 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 Woodhouse and Handsworth.
Do banks and building societies provide you with an approved list of Woodhouse and Handsworth conveyancing solicitors? How do you know who is on the Nottingham conveyancing panel?
Woodhouse and Handsworth conveyancing firms themselves provide us confirmation that they are on the Nottingham conveyancing panel as opposed to being supplied with a list from Nottingham directly.
My colleague suggested that where I am purchasing in Woodhouse and Handsworth I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Woodhouse and Handsworth conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about Woodhouse and Handsworth around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Woodhouse and Handsworth.
I completed on my flat on 10 June and my personal details are still not on the land registry website. Need I be worried? My conveyancing solicitor in Woodhouse and Handsworth expressed confidence that it would be registered in a couple of weeks. Are titles in Woodhouse and Handsworth particularly slow to register?
There is nothing unique when it comes to conveyancing in Woodhouse and Handsworth registration formalities. Rather than based on location, timescales can adjust subject to who lodges the application, whether there are errors and if the Land registry need to notify any other parties. As of today approximately 80% of such applications are fully addressed in less than three weeks but some can be subject to extensive delays. Registration takes place once the purchaser has moved in to the premises therefore 'speed' is not usually top priority but where 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'm purchasing my first flat in Woodhouse and Handsworth with a mortgage from Birmingham Midshires. The developers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent suggested that I not to tell my lawyer about the extras as it would jeopardize my mortgage with Birmingham Midshires. 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.
I've recently found out 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, no chain conveyancing. Woodhouse and Handsworth is the location of the property. Is there any guidance you can impart?
Flying freeholds in Woodhouse and Handsworth are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woodhouse and Handsworth you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodhouse and Handsworth may decide 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.