Should my solicitor be making enquiries regarding flooding as part of the conveyancing in Stoke Bishop.

Flooding is a growing risk for lawyers carrying out conveyancing in Stoke Bishop. Some people will buy a house in Stoke Bishop, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.

Conveyancers are not qualified to offer advice on flood risk, but there are a numerous searches that can be carried out by the buyer or on a buyer’s behalf which should figure out the risks in Stoke Bishop. The standard information sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) incorporates a usual question of the owner to find out if the premises has historically flooded. In the event that flooding has previously occurred and is not notified by the seller, then a purchaser could bring a claim for damages as a result of such an incorrect reply. A buyer’s solicitors will also conduct an enviro search. This will reveal whether there is a recorded flood risk. If so, further inquiries will need to be made.

Just acquired a semi-detached house in Stoke Bishop , how long should it take for the Land Registry to record my ownership? My Stoke Bishop conveyancing solicitor has been painfully slow, so I want to check the registration formalities are addressed.

As far as conveyancing in Stoke Bishop registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can vary depending on the party submitting the application, whether it is in order and if the Land registry communicate with any other parties. As of today approximately 80% of submission are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Registration takes place once the buyer has moved in to the premises therefore post completion formalities is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for an expedited registration.

How does conveyancing in Stoke Bishop differ for newly converted properties?

Most buyers of new build premises in Stoke Bishop come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Stoke Bishop usually acquire the land, 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 property lawyers 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 Stoke Bishop or who has acted in the same development.

Due to the guidance of my in-laws I had a survey completed on a house in Stoke Bishop before retaining solicitors. I have been informed that there is a flying freehold overhang to the house. Our surveyor advised that some banks tend not issue a loan on a flying freehold property.

It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you contact us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Stoke Bishop. Conveyancing will be smoother if you use a solicitor in Stoke Bishop especially if they are familiar with such properties in Stoke Bishop.

I am using a search engine for the term conveyancing in Stoke Bishop it brings up many solicitorsin the vicinity. How do I determine which is the right conveyancer for my move?

The best method of finding the right conveyancer is via personal testimonial, so seek the guidance of friends and those you trust who have acquired a property in Stoke Bishop or the local estate agent or financial adviser. Costs for conveyancing in Stoke Bishop vary, so it's advisable to obtain a minimum of four costs illustrations from different conveyancers. Make sure that you know what costs in the quote includes.