My brother and I have just purchased a property in Prestbury. We have since encountered a number of problems with the property which we believe were omitted in the conveyancing searches. Do we have any recourse? What searches should? have been carried out as part of conveyancing in Prestbury?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Prestbury. Conveyancing searches and due diligence initiated during the legal transfer of property are designed to help avoid problems. As part of the process, the vendor answers a questionnaire referred to as a Seller’s Property Information Form. answers 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 Prestbury.
We note that you have a search directory identifying law firms on the Kent Reliance conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Prestbury?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Prestbury.
My Conveyancer in Prestbury is not listed on the Platform Home Loans Ltd Conveyancing Panel. Is it possible for me to continue with my family solicitor even though they are excluded from the Platform Home Loans Ltd list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred Prestbury lawyers but Platform Home Loans Ltd will need to use a conveyancer on their list of acceptable firms. This will result in additional total conveyancing charges as well as result in frustration.
- Find an alternative solicitor to to deal with the conveyancing, remembering to check they are on the Platform Home Loans Ltd panel
Have just purchased a repossessed house at auction in Prestbury. Conveyancing is needed. What is next?
Given that you are now legally committed yourself to purchase you should find a conveyancing lawyer quickly as you now have a pending a drop dead date to complete the property. An auction property should have a corresponding auction pack. This will include most,if not all of the paperwork that your solicitor will need. If you have purchased leasehold premises the legal pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You must pass this on to the solicitor working for you ASAP. Do make sure that that you have the requisite funding in place to complete the transaction on the set completion date.
Forgive me if this question is silly but I am wet behind the ears as a 1st time purchaser of a ground floor flat in Prestbury. Do I pick up the keys to the premises on the completion date from my lawyer? If so, I will use a local conveyancing solicitor in Prestbury?
On the day of completion you will not be required to go to the conveyancers office in Prestbury. Your solicitors will transfer the purchase money to the owner’s solicitors, and once they have received this, you will be able to pick up the keys from the property Agents and move into your new home. Usually this happens between 1 and 3pm.
Can you help - my lawyer advises that flying freehold insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Prestbury?
The right level of flying freehold indemnity insurance depends on your lender. It would differ for example between Halifax and Chelsea Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Prestbury is the location of the property. Is there any advice you can give?
Flying freeholds in Prestbury are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Prestbury you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Prestbury may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.