My partner and I have lately purchased a house in Bishopston. We have noticed several issues with the property which we believe were missed in the conveyancing searches. What action can we take? What searches should? have been carried out for conveyancing in Bishopston?
The query is vague as what problems have arisen and if they are unique to conveyancing in Bishopston. Conveyancing searches and due diligence undertaken during the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, the vendor fills in a document called a SPIF. answers ends up being inaccurate, then you may have a claim against the vendor 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 Bishopston.
We see that you have a post code search directory listing solicitors on the Virgin Money conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Bishopston?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Bishopston.
My husband and I are purchasing a newly converted apartment in Bishopston with a mortgage from Nationwide Building Society.We have a Bishopston conveyancing solicitor but Nationwide Building Society advised that his firm is not on their approved list of firms. we are left little option but to use a Nationwide Building Society panel firm or keep our preferred solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Nationwide Building Society use our lawyer?
No, not really. The mortgage issued to you contains various provisions, a common one being that lawyers will be on the Nationwide Building Society conveyancing panel. in the past, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Nationwide Building Society
Do I need to take out insurance to cover chancel repairs when buying a property in Bishopston?
Unless a prior purchase of the property completed post 12 October 2013 you can assume that conveyancing practitioners carrying out conveyancing in Bishopston to remain encouraging a chancel search and or insurance against a claim.
four months have elapsed following my purchase conveyancing in Bishopston completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 premises 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.