The Peterborough conveyancing solicitors that just started acting on my purchase in Peterborough have without warning shut down. I only went with them because I had to have a lawyer on the Clydesdale conveyancing panel and my preferred Peterborough lawyer was not. I sent them a cheque for £250 in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
Will my solicitor be raising questions regarding flooding during the conveyancing in Peterborough.
Flooding is a growing risk for conveyancers dealing with homes in Peterborough. Some people will buy a property in Peterborough, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to impart advice on flood risk, but there are a various checks that may be undertaken by the purchaser or on a buyer’s behalf which should give them a better understanding of the risks in Peterborough. The standard property information forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the seller to find out if the property has suffered from flooding. If the property has been flooded in past and is not disclosed by the seller, then a buyer may bring a claim for damages resulting from an misleading answer. A buyer’s conveyancers should also conduct an environmental report. This will reveal if there is a recorded flood risk. If so, further inquiries should be initiated.
I am buying a new build apartment in Peterborough. Conveyancing is daunting 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 are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Peterborough
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I'm remortgaging my current house to a BTL mortgage with Birmingham Midshires and I will use the rest of the raised equity as a deposit on another property. The location we are interested in is Peterborough. Will your lawyers be able to act for both sets of mortgage companies and link together the transactions?
Do use our search tool on this page to check that the conveyancers are approved by both lenders. Having checked that they are the lawyer should be able to tie up the two transactions but you should have a chat with you conveyancer and make clear your expectations and requirements.
I need to appoint a conveyancing solicitor for my conveyancing in Peterborough. I happened to discover a web site which looks to be the ideal solution If there is a chance to get all the legals completed via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?