I can't travel far from Godstone. Is there a reason why all Godstone conveyancing practitioners aren't included on all lender panels?
Lenders point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The elimination of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in banks and building societies culling less reputable firms off their books of approved solicitors .
My partner and I have just purchased a house in Godstone. We have noticed several problems with the property which we consider were missed in the conveyancing searches. Do we have any recourse? What searches should? have been ordered for conveyancing in Godstone?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Godstone. Conveyancing searches and investigations undertaken during the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, a property owner completes a form referred to as a Seller’s Property Information Form. If the information provided is inaccurate, then you may have a 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 Godstone.
I require expedited conveyancing in Godstone as I am under a deadline to complete inside one month. Luckily I do not need a mortgage. Can I decline from having conveyancing searches to save money and time?
As you are not getting a mortgage you are at liberty not to have searches conducted although no solicitor would recommend that you don't. With plenty of history conveyancing in Godstone the following are examples of what can crop up and adversely affect future saleability: Enforcement Notices, Outstanding Charges, Outstanding Grants, Railway Schemes,...
About to purchase a new build flat in Godstone. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Godstone
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision.
Due to the input of my in-laws I had a survey completed on a property in Godstone before appointing solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies tend refuse to issue a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Godstone. Conveyancing will be smoother if you use a solicitor in Godstone especially if they are accustomed to such properties in Godstone.