I am expecting a offer of a home loan from Nat West. I intend to employ the services of a Licensed Conveyancer in Highbridge. Does the Nat West Solicitor panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Will our lawyer be asking questions about flooding as part of the conveyancing in Highbridge.
The risk of flooding is if increasing concern for solicitors dealing with homes in Highbridge. Plenty of people will acquire a property in Highbridge, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to give advice on flood risk, but there are a number of searches that can be initiated by the buyer or on a buyer’s behalf which can figure out the risks in Highbridge. The conventional set of information given to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to determine if the property has historically flooded. If flooding has previously occurred and is not disclosed by the vendor, then a buyer could issue a legal claim for losses as a result of such an inaccurate response. A purchaser’s conveyancers should also order an environmental report. This will disclose if there is a recorded flood risk. If so, further investigations will need to be made.
It has been 2 months following my purchase conveyancing in Highbridge completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 premises 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 Highbridge differ for newly converted properties?
Most buyers of new build property in Highbridge approach us having been asked by the developer to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Highbridge typically acquire the site, 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 conveyancers 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 accustomed to new build conveyancing in Highbridge or who has acted in the same development.
What does commercial conveyancing in Highbridge cover?
Highbridge conveyancing for business premises incorporates a wide array of guidance, provided by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.