My brother and I have lately purchased a house in Sparkhill. We have since encountered a number of problems with the property which we suspect were missed in the conveyancing searches. Do we have any recourse? What searches should? have been ordered as part of conveyancing in Sparkhill?
The query is not clear as what problems have arisen and if they are unique to conveyancing in Sparkhill. Conveyancing searches and due diligence initiated during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a property owner fills in a questionnaire known as a Seller’s Property Information Form. If the information turns out to be inaccurate, you may have a misrepresentation claim against the owner 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 Sparkhill.
I am purchasing a property and require a conveyancing solicitor in Sparkhill who is on the Britannia approved. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Britannia in certain locations such as Sparkhill. We dont recommend any particular firm.
It has been four months since my purchase conveyancing in Sparkhill took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Sparkhill differ for newly converted properties?
Most buyers of new build residence in Sparkhill approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because builders in Sparkhill typically purchase 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 accustomed to new build conveyancing in Sparkhill or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Sparkhill in advance of retaining conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will not give a loan on this type of house.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sparkhill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sparkhill to see if the conveyancing costs will increase in light of this.