My brother and I have just purchased a property in Newton Heath. We have since encountered a number of problems with the house which we consider were omitted in the conveyancing searches. Is there anything we can do? Can you clarify the nature of searches that should have been ordered for conveyancing in Newton Heath?
The question is vague as to the nature of the problems and if they are unique to conveyancing in Newton Heath. Conveyancing searches and due diligence initiated during the buying process are carried out to help avoid problems. As part of the process, a seller completes a document known as a Seller’s Property Information Form. If the information ends up being misleading, you may have a misrepresentation claim against the vendor 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 Newton Heath.
I am about to put an offer on a leasehold apartment in Newton Heath. The property agents tell me that it is standard for flats in Newton Heath to have less than 75 years left on the lease. I am expecting a mortgage with Bank of Ireland. Will the property be mortgageable given that the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 16/10/2020 the requirements read as follows :
Should commercial conveyancing searches reveal impending roadworks that could affect a commercial land in Newton Heath?
Many commercial conveyancing solicitors in Newton Heath will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Newton Heath. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Newton Heath.
For every commercial conveyancing transaction in Newton Heath it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Newton Heath commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Newton Heath.
I purchased my house on 5 June and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Newton Heath said it will be registered in a couple of weeks. Are properties in Newton Heath particularly slow to register?
As far as conveyancing in Newton Heath registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can adjust depending on the party submitting the application, whether there are errors and if the Land registry have to notify any other persons or bodies. At present approximately three quarters of such applications are completed in less than three weeks but occasionally there can be longer delays. Registration is effected once the purchaser is living at the property therefore an expedited registration is not typically primary concern but if it is urgent that the the registration takes place urgently then you or your lawyers must communicate with the Registry to express the reasoning for the application to be prioritised.
My wife and I have recently appointed a conveyancing solicitor in Newton Heath. I I would like to check if they are on the bank's approved list of lawyers. Can you assist?
It’s a good idea contact your solicitor to check if they are on the bank's panel. If that does not help get in touch with us and we can make some checks for you. Should the firm not be on the conveyancing panel we we can help find a specialist conveyancing solicitor in Newton Heath on the panel for your mortgage company.