I am obtaining a mortgage offer from Santander. I hope to employ the services of a Licensed Conveyancer in Canford Cliffs. Does the Santander Solicitor panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Will our solicitor be raising questions concerning flooding during the conveyancing in Canford Cliffs.
Flooding is a growing risk for lawyers conducting conveyancing in Canford Cliffs. There are those who acquire a property in Canford Cliffs, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to impart advice on flood risk, however there are a various searches that may be initiated by the buyer or by their lawyers which will give them a better understanding of the risks in Canford Cliffs. The conventional set of completed inquiry forms sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard question of the seller to find out whether the property has suffered from flooding. If flooding has previously occurred which is not revealed by the vendor, then a purchaser may issue a legal claim for losses resulting from an inaccurate response. A purchaser’s conveyancers should also carry out an environmental search. This will reveal whether there is any known flood risk. If so, more detailed investigations should be conducted.
How does conveyancing in Canford Cliffs differ for new build properties?
Most buyers of new build property in Canford Cliffs approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in Canford Cliffs typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Canford Cliffs or who has acted in the same development.
Should I be suspicious about 3rd parties that I am dealing with are suggesting a nationwide conveyancing firm as opposed to a High Street Canford Cliffs conveyancing practice?
As is the case with lots of service providers, often suggestions from family and friends can be very helpful. Yet there are numerous parties with a vested interest in a conveyancing matter; estate agents, mortgage brokers and lenders might all put forward lawyers to retain. On occasion the lawyers might be known to one of the organisations as experts in their field, but sometimes there is an underlying financial incentive behind the endorsement. You are at liberty to choose your preferred conveyancer. Don't forget that most mortgage providers have an approved list of conveyancers you must use for the mortgage aspect of your conveyancing.
What if there is a problem with the searches conducted as part of my conveyancing in Canford Cliffs?
Usually, most problems that arise in Canford Cliffs conveyancing search results can be dealt with ahead of completion or indemnity insurance can be obtained. It is important to remember that regardless of the fact that you may be acquiring the property and might be content to live with the search results, your lender may not, and when all said and done they have the final say.