Should our lawyer be raising enquiries regarding flooding as part of the conveyancing in Lozells.

The risk of flooding is if increasing concern for lawyers dealing with homes in Lozells. There are those who purchase a property in Lozells, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.

Solicitors are not qualified to impart advice on flood risk, but there are a number of checks that may be carried out by the buyer or on a buyer’s behalf which can figure out the risks in Lozells. The standard information sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the owner to find out whether the premises has suffered from flooding. In the event that the premises has been flooded in past and is not notified by the vendor, then a buyer could issue a compensation claim resulting from an misleading response. The buyer’s conveyancers should also order an environmental report. This will reveal if there is a recorded flood risk. If so, further investigations should be conducted.

How does conveyancing in Lozells differ for new build properties?

Most buyers of new build property in Lozells contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because house builders in Lozells tend to purchase 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 conveyancing solicitors 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 Lozells or who has acted in the same development.

I am a sole trader planning to lease a unit on a shopping parade. Can you recommend lawyers offering competitive costs for commercial conveyancing in Lozells for below £1,200?

We can recommend firms who have an in-depth of experience of commercial conveyancing in Lozells, including the sale and acquisition of businesses as well as simply premises. If you are intending to purchase or lease a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. Regarding the costs these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or telephone so as to enable us to furnish you with a detailed commercial conveyancing quote.

I need to instruct a conveyancing practitioner in Lozells for my home move. Is it possible to review a solicitor's record with the profession’s regulator?

You can find published Solicitor Regulator Association (SRA) decisions resulting from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. For information Pre 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator may monitor call for training requirements.

I am attracted to a two flats in Lozells both have in the region of forty five years remaining on the lease term. Will this present a problem?

A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease shortens the value of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is advisable to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage lenders may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field.

Lozells Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying

Are there any major works in the planning that will likely increase the maintenance fees? Best to be warned if fixing the lift or some other significant cost is due in the near future to be shared between the leaseholders and will materially impact the level of the service charges or require a one time payment. The prefered form of lease structure is if the freehold reversion is owned by the leaseholders. In this situation the leaseholders have being in charge if their destiny and even though a managing agent is frequently retained if it is bigger than a house conversion, the managing agent acts for the leaseholders themselves.