My partner and I have recently acquired a house in Cardigan. We have since encountered a number of problems with the property which we believe were overlooked in the conveyancing searches. Is there anything we can do? What searches should? have been carried out as part of conveyancing in Cardigan?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Cardigan. Conveyancing searches and due diligence initiated as part of the legal transfer of property are carried out to help avoid problems. As part of the process, a seller fills in a form known as a SPIF. If the information provided is incorrect, you may have a misrepresentation claim against the seller 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 Cardigan.
What does my ID and proof of funds have anything to do with my conveyancing in Cardigan? Why is this being asked of me?
It is indeed that case that these requests have nothing to do with conveyancing in Cardigan. However these days you can not proceed with any conveyancing process if you have not supplying proof of your identity. Ordinarily this takes the form of a either your passport or driving licence as well as a utility bill. Remember if you are providing your driving licence as evidence of identification it must be both the paper element and photo card part, one is not sufficient without the other.
Proof of your origin of money is mandated in accordance with the Money Laundering Regulations. Don’t be offended when when this is requested of you as your conveyancer must have this information on record. Your Cardigan conveyancing lawyer will require evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask further queries concerning the origin of monies.
Do I have to have a meeting at the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Cardigan so that I can attend their offices if required.
These days approved lawyers for lenders conduct all of the work through Royal Mail, e-mail or over phone calls. This enables them to carry out the legal work for your home move no matter where you live in the country. However you should check if you have the option of attending the offices of your conveyancing lawyer if needed.
Due to the advice of my in-laws I had a survey completed on a house in Cardigan ahead of instructing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies will not issue a loan on a flying freehold property.
It depends who your proposed lender is. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Cardigan. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cardigan to see if the conveyancing costs will increase in light of this.
My husband and I are first time buyers - agreed a price, yet the agent has warned us that the seller will only issue a contract if we appoint their recommended lawyers as they need a ‘quick sale’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Cardigan
We suspect that the seller is unaware of this requirement. If they require ‘a quick sale', turning down a genuine purchaser is likely to cause more damage than good. Try to communicate with the owners directly and make the point that (a)you are genuine buyers (b)you are ready to progress, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Cardigan conveyancing firm - not the ones that will give the estate agent a introducer fee or achieve conveyancing figures demanded by corporate headquarters.