Much to our surprise we have been told by our broker that my Staindrop the law firm I have appointed is not on the bank Conveyancing panel. What can I do to be sure that this is correct?
You need to call your Staindrop conveyancer. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
Will our lawyer be asking questions regarding flooding as part of the conveyancing in Staindrop.
Flooding is a growing risk for lawyers dealing with homes in Staindrop. There are those who acquire a property in Staindrop, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, but there are a numerous checks that may be undertaken by the purchaser or by their conveyancers which will give them a better appreciation of the risks in Staindrop. The standard completed inquiry forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a standard question of the seller to discover whether the premises has ever been flooded. In the event that flooding has previously occurred and is not disclosed by the owner, then a purchaser may issue a compensation claim as a result of such an misleading reply. The buyer’s conveyancers will also order an environmental report. This will indicate whether there is any known flood risk. If so, more detailed investigations will need to be initiated.
It has been 2 months since my purchase conveyancing in Staindrop concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. 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 residence 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Staindrop in advance of appointing solicitors. I have been advised that there is a flying freehold element to the house. The surveyor advised that some mortgage companies tend not issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you call us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Staindrop. Conveyancing may be slightly more expensive based on your lender's requirements.
My business partner and I are hoping to lease a unit on the high street. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Staindrop for under £2000?
We can recommend firms who have specialist knowledge of commercial conveyancing in Staindrop, including the sale and purchase of businesses as well as simply premises. If you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right solicitor. Regarding the costs this will depend on the structure and heads of terms of the proposed transaction. Please provide us with your contact information or phone us so that we can provide you with a detailed commercial conveyancing quote.