Should my lawyer be making enquiries about flooding during the conveyancing in Rottingdean.

Flooding is a growing risk for solicitors specialising in conveyancing in Rottingdean. There are those who buy a property in Rottingdean, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.

Lawyers are not best placed to impart advice on flood risk, but there are a various searches that can be undertaken by the purchaser or on a buyer’s behalf which will figure out the risks in Rottingdean. The conventional set of information given to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a standard question of the owner to discover if the premises has historically flooded. In the event that flooding has previously occurred which is not notified by the seller, then a purchaser may issue a claim for damages resulting from an incorrect reply. A buyer’s solicitors should also conduct an environmental report. This will reveal if there is any known flood risk. If so, additional investigations should be made.

I moved into my apartment on 7 November and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Rottingdean advises it will be dealt with in less than a month. Are transfers in Rottingdean particularly slow to register?

As far as conveyancing in Rottingdean registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can differ according to who lodges the application, whether there are errors and if the Land registry communicate with any other parties. Currently roughly three quarters of submission are completed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration takes place after the buyer has moved in to the premises thus 'speed' is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers could communicate with the Registry to express the reasoning for an expedited registration.

I am looking for a flat up to £235,500 and identified one near me in Rottingdean I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Rottingdean in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?

Should you need a mortgage that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.

My husband and I are FTB’s - had an offer accepted, but the selling agent told us that the vendor will only proceed if we instruct the agent's chosen solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a local solicitor used to conveyancing in Rottingdean

We suspect that the owner is not behind this ultimatum. If they require ‘a quick sale', turning down a genuine purchaser is going to damage their objectives. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you will continue to use your preferred Rottingdean conveyancing lawyers - not the ones that will earn their estate agent a kickback or meet his conveyancing figures pre-set by head office.

What makes a Rottingdean lease problematic?

Leasehold conveyancing in Rottingdean is not unique. Most leases are drafted differently and legal mistakes in the legal wording can result in certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:

A provision for the recovery of money spent for the benefit of another party.

A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Birmingham Midshires, Skipton Building Society, and Britannia all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to grant the mortgage, obliging the buyer to withdraw.

Rottingdean Leasehold Conveyancing - Examples of Queries Prior to buying

Are there any major works in the planning that will increase the service charges? This information is useful as a) areas may result in problems in the block as the communal areas may begin to deteriorate where services are not paid for b) if the leasehold owners have an issue with the running of the building you will need to have all the details