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Recently asked questions about conveyancing in Dunchurch

We hope to to buy with Coventry BS. We have called around locally yet am struggling to find a Dunchurch conveyancing firm on the Coventry BS approved list. Can you help?

Please do take advantage of the search tool on this web page. Pick the lender and type Dunchurch or your preferred area and you will be presented with a number of lawyer based in Dunchurch or near you.

Should my conveyancer be raising enquiries regarding flooding as part of the conveyancing in Dunchurch.

The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Dunchurch. There are those who acquire a house in Dunchurch, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.

Lawyers are not best placed to give advice on flood risk, but there are a numerous searches that may be initiated by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Dunchurch. The conventional set of completed inquiry forms sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the seller to discover whether the property has suffered from flooding. In the event that flooding has previously occurred and is not notified by the vendor, then a buyer may commence a legal claim for losses resulting from an incorrect answer. The buyer’s lawyers should also order an enviro report. This should reveal if there is any known flood risk. If so, additional investigations will need to be conducted.

It has been 2 months since my purchase conveyancing in Dunchurch completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 residence 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.

How does conveyancing in Dunchurch differ for new build properties?

Most buyers of new build or newly converted property in Dunchurch approach us having been asked by the seller to sign contracts and commit to the purchase even before the house is built. This is because new home sellers in Dunchurch tend to purchase 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 property lawyers 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 used to new build conveyancing in Dunchurch or who has acted in the same development.

What makes a Dunchurch lease unacceptable for security purposes?

There is nothing unique about leasehold conveyancing in Dunchurch. Most leases are unique and legal mistakes in the legal wording can sometimes mean that certain provisions are erroneous. The following missing provisions could result in a defective lease:

    Maintenance charge proportions which don’t add up to the correct percentage A provision for the recovery of money spent for the benefit of another party.

You will encounter difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Virgin Money, and Bank of Ireland all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the buyer to pull out.

Dunchurch Leasehold Conveyancing - Sample of Questions you should ask before Purchasing

    Does the lease have in excess of 82 years unexpired? For many Dunchurch leaseholds the cost for major works tend not to be included within maintenance charges, although a few managing agents in Dunchurch obliged leasehold owners to pay into a sinking fund created for the specific intention of establishing a fund for larger works. You should want to discover as much as you can about the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you are often at the mercy of the managing agents both financially and when it comes to practical matters such as the tidiness of the common parts. Ask prospective neighbours whether they are happy with them. In conclusion, find out the dates that the maintenance fees are due to the relevant party and specifically how they are spending the funds.

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