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Recently asked questions about conveyancing in Freshwater Bay

My fiancee and I are buying our first house. The conveyancer has e-mailedto enquire if we would like to order additional conveyancing searches. We are really unsure what's needed for conveyancing in Freshwater Bay

The quantity and type of Freshwater Bay conveyancing searches depends primarily on the premises, the location, the probability of any of these risks, your knowledge of the region and risks, your overall attitude to risk. What is important is that you adequately appreciate what information the searches could provide. You may then decide if you personally think you need that search. Should you be unsure, ask your conveyancer to guide you.

It is a dozen years since I acquired my house in Freshwater Bay. Conveyancing solicitors have just been appointed on the sale but I am unable to find my deeds. Will this cause complications?

You need not be too concerned. First the deeds may be kept by your lender or they may stored with the conveyancers who handled your purchase. Secondly the likelihood is that the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Most conveyancing in Freshwater Bay relates to registered property but in the unlikely event that your home is unregistered it is more of a problem but is not insurmountable.

Should my conveyancer be asking questions about flooding during the conveyancing in Freshwater Bay.

Flooding is a growing risk for solicitors carrying out conveyancing in Freshwater Bay. Plenty of people will buy a house in Freshwater Bay, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.

Lawyers are not qualified to offer advice on flood risk, however there are a various checks that can be undertaken by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Freshwater Bay. The standard completed inquiry forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the owner to determine whether the property has historically flooded. If the residence has been flooded in past and is not notified by the owner, then a purchaser may commence a claim for damages as a result of such an incorrect response. The buyer’s lawyers should also carry out an enviro report. This will reveal if there is any known flood risk. If so, additional inquiries should be conducted.

The deeds to our house can not be found. The conveyancers who conducted the conveyancing in Freshwater Bay 10 years ago are no longer around. What are my next steps?

Nowadays there are copies made of almost everything, and your conveyancer should know exactly where to find all the appropriate documentation so you may buy or dispose of your house without any difficulty. Where copies are not available, your lawyer can put in place insurance or indemnities against future claims on your property.

Over the last few months I have been searching for a flat up to £235,500 and found one close by in Freshwater Bay I like with a park and railway links in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in Freshwater Bay suitable, so just wondered if I would be making a grave error acquiring a short lease?

If you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.

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