My wife and I have lately bought a property in Cannington. We have noticed several issues with the property which we believe were missed in the conveyancing searches. Is there anything we can do? What searches should? have been conducted for conveyancing in Cannington?
The query is not clear as to the nature of the problems and if they are unique to conveyancing in Cannington. Conveyancing searches and due diligence initiated as part of the legal transfer of property are supposed to help avoid problems. As part of the legal transfer of property, a property owner fills in a form known as a Seller’s Property Information Form. If the information proves to be inaccurate, you may have a misrepresentation claim against the owner 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 Cannington.
Do commercial conveyancing searches disclose impending roadworks that could affect a commercial site in Cannington?
Many commercial conveyancing solicitors in Cannington will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Cannington. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Cannington.
For every commercial conveyancing transaction in Cannington it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Cannington commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Cannington.
Are there restrictive covenants that are commonly picked up during conveyancing in Cannington?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Cannington. 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…’
We're new on the property ladder - had an offer accepted, yet the estate agent told us that the vendor will only go ahead if we instruct their preferred conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family solicitor who is accustomed to conveyancing in Cannington
It is improbable the sellers are driving this. Should the owner want ‘a quick sale', turning down a genuine purchaser is likely to cause more damage than good. Speak to the vendors direct and make the point that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you intend to appoint your own,trusted Cannington conveyancing firm - not the ones that will earn the estate agent a kickback or meet his conveyancing targets pre-set by head office.
My 20yr old son is about to join the property ladder, the home loan was agreed last week in principle. One the offer was accepted on flat we called the mortgage company to move forward with his. We were shocked to hear that banks do not accept all property lawyer, they must be on their panel, is this right?
Banks normally restrict either the type or the number of conveyancing firms on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Cannington property lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Unlikely.