Last May we completed a house move in Balsall Common. We have since encountered a number of issues with the property which we believe were missed in the conveyancing searches. Do we have any recourse? What searches should? have been carried out for conveyancing in Balsall Common?
It is not clear from the question as what problems have arisen and if they are specific to conveyancing in Balsall Common. Conveyancing searches and due diligence initiated as part of the legal transfer of property are carried out to help avoid problems. As part of the process, a seller answers a questionnaire known as a SPIF. answers proves to be misleading, you could possibly take legal action against the seller 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 Balsall Common.
Can you explain why leasehold purchase conveyancing in Balsall Common costs more?
In short, leasehold conveyancing in Balsall Common and elsewhere usually warrants extra due diligence compared to freehold transactions. This includes lease investigation, liaising with the landlord concerning serving applicable notices, obtaining up-to-date service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
My relative recommended that where I am buying in Balsall Common I should 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 sometimes included in the estimate for your Balsall Common conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Balsall Common around the property and the people living there. It incorporates 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 details, Balsall Common Education with plans and statistics, Local Amenities and other useful information about Balsall Common.
Are there restrictive covenants that are commonly picked up during conveyancing in Balsall Common?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Balsall Common. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm converting the mortgage on my current house to a BTL loan with Godiva Mortgages Ltd and I will use the ballance of the raised equity as a down payment on another property. The location we are talking about is Balsall Common. Will your lawyers be able to act for the two banks and tie in the two deals?
Do use our search tool on this page to ensure that the conveyancers are on the relevant lender panels. Having checked that they are your solicitor should be able to tie up the two conveyancing matters but you should talk with you lawyer and make clear your expectations and needs.