Should our lawyer be raising questions regarding flooding during the conveyancing in Belmont.
The risk of flooding is if increasing concern for lawyers dealing with homes in Belmont. There are those who acquire a house in Belmont, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the premises. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to offer advice on flood risk, however there are a numerous searches that may be carried out by the buyer or by their lawyers which can figure out the risks in Belmont. The conventional set of property information forms sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the seller to determine if the property has historically flooded. In the event that flooding has previously occurred which is not notified by the seller, then a buyer may issue a claim for damages as a result of such an inaccurate answer. A buyer’s conveyancers may also carry out an environmental report. This should indicate if there is a recorded flood risk. If so, more detailed investigations will need to be conducted.
It has been three months since my purchase conveyancing in Belmont took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. 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 property 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.
I have been on the look out for a ground for flat up to £235,500 and found one near me in Belmont I like with a park and transport links nearby, however it only has 52 years unexpired on the lease. I can't really find anything else in Belmont in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I need to retain a conveyancing solicitor for leasehold conveyancing in Belmont. I have land on a web site which looks to be the perfect answer If it is possible to get all this stuff completed via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am purchasing a property and need a conveyancing solicitor in Belmont who is on the bank approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who conduct conveyancing in Belmont. We dont recommend any particular firm.