Will our solicitor be making enquiries regarding flooding during the conveyancing in Seaton Delaval.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Seaton Delaval. There are those who buy a house in Seaton Delaval, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of 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 offer advice on flood risk, but there are a number of checks that can be carried out by the purchaser or on a buyer’s behalf which will give them a better understanding of the risks in Seaton Delaval. The conventional set of information supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a usual question of the vendor to determine whether the property has ever been flooded. If the premises has been flooded in past which is not notified by the seller, then a purchaser could issue a compensation claim stemming from an misleading reply. The buyer’s conveyancers may also conduct an environmental report. This will indicate if there is a recorded flood risk. If so, more detailed inquiries will need to be conducted.
How does conveyancing in Seaton Delaval differ for new build properties?
Most buyers of new build residence in Seaton Delaval come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because developers in Seaton Delaval usually acquire 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 conveyancers 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 used to new build conveyancing in Seaton Delaval or who has acted in the same development.
I opted to have a survey carried out on a house in Seaton Delaval before appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies tend refuse to issue a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Seaton Delaval. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my property. My previous lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Seaton Delaval if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Seaton Delaval. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
Our financial adviser has suggested using their conveyancer for our conveyancing in Seaton Delaval - won’t it be advisable to just use them?
It is worth checking if the selling agent is recommending a property lawyer or introducing to a property lawyer. There are plenty of Seaton Delaval selling agents who recommend two or three Seaton Delaval conveyancing firms and get nothing from it.