Will our lawyer be raising questions about flooding during the conveyancing in Looe.

The risk of flooding is if increasing concern for solicitors dealing with homes in Looe. There are those who purchase a property in Looe, fully expectant that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.

Lawyers are not best placed to give advice on flood risk, but there are a various checks that can be initiated by the buyer or on a buyer’s behalf which will figure out the risks in Looe. The conventional set of information supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual question of the vendor to determine if the premises has suffered from flooding. In the event that the premises has been flooded in past which is not revealed by the owner, then a purchaser could bring a legal claim for losses as a result of such an inaccurate reply. The buyer’s conveyancers should also conduct an environmental search. This should disclose if there is any known flood risk. If so, further inquiries should be carried out.

About to purchase a new build apartment in Looe. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Looe

The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.

Due to the encouragement of my in-laws I had a survey completed on a property in Looe in advance of instructing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some banks tend not give a loan on this type of premises.

It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Looe. Conveyancing will be smoother if you use a solicitor in Looe especially if they are accustomed to such properties in Looe.

I am using a search engine for the phrase cheap conveyancing in Looe it reveals many conveyancerslocally. With so much choice what is the best way to find the suitable conveyancer for my move?

The ideal method of seeking the right conveyancer is through a trusted recommendation, so enquire of colleagues and family who have purchased a property in Looe or the local estate agent or mortgage broker. Fees for conveyancing in Looe vary, so it's advisable to obtain at least four costs illustrations from different companies. Be sure to secure confirmation that the costs are assured not to escalate.

I am hoping to sign contracts shortly on a leasehold property in Looe. Conveyancing lawyers inform me that they report fully on Monday. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Looe should include some of the following:

Does the lease prevent you from letting out the flat, or working from home Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? What remedies are open the freeholder should you breach a clause of your lease? Whether your lease has a provision for a sinking fund? What you can do if another leaseholder in the building is in violation of a provision in their lease?

Looe Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying

Does the lease have onerous restrictions? Its a good idea to find out as much as possible concerning the managing agents as they will impact your use and enjoyment of the property. Being a leasehold owner you will be in the clutches of the managing agents from a financial perspective and when it comes to day to day matters such as the upkeep of the communal areas. Enquire of prospective neighbours what they think of their service. On a final note, find out the dates that you are obliged pay the service charge to the appropriate party and specifically what it includes. The majority of Looe leasehold apartments will be liable to pay a service charge for the upkeep of the block set on behalf of the management company. Should you purchase the property you will have to meet this charge, normally in instalments throughout the year. This may vary from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all likelihood there will be a rentcharge to be met annual, ordinarily this is not a significant figure, say around £25-£75 but you should to check as sometimes it could be prohibitively expensive.