My partner and I are buying a new build flat in Burton Bradstock and my lawyer is telling me that she has to the bank to reveal incentives from the builder. The Estate Agents are hassling me to exchange and I don't want to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Should my solicitor be making enquiries regarding flooding during the conveyancing in Burton Bradstock.
The risk of flooding is if increasing concern for conveyancers carrying out conveyancing in Burton Bradstock. Plenty of people will acquire a property in Burton Bradstock, fully aware 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, satisfactory insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, but there are a various checks that may be undertaken by the buyer or by their lawyers which will figure out the risks in Burton Bradstock. The standard property information forms sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the owner to find out whether the property has historically flooded. If the property has been flooded in past and is not revealed by the vendor, then a buyer could commence a claim for damages resulting from an incorrect answer. A buyer’s solicitors will also order an environmental report. This will disclose whether there is a recorded flood risk. If so, more detailed investigations will need to be made.
I have todayfound out that Action Conveyancing have been shut down. They conducted my conveyancing in Burton Bradstock for a purchase of a freehold house 10 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The quickest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Burton Bradstock conveyancing specialists.
I am buying a new build flat in Burton Bradstock. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Burton Bradstock
Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have since found out that it's a leasehold as opposed to freehold. I would have thought that there are issues purchasing a leasehold house in Burton Bradstock. Conveyancing advisers have are about to be appointed. Will they explain the issues?
Most houses in Burton Bradstock are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can help the conveyancing process. it is apparent that you are buying in Burton Bradstock in which case you should be looking for a Burton Bradstock conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’sconsent to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the house is located on an estate. Your conveyancer will advise you fully on all the issues.