My wife and I have recently purchased a property in Totton. We have noticed several problems with the house which we believe were missed in the conveyancing searches. Do we have any recourse? Can you clarify the type of searches that should have been carried out for conveyancing in Totton?
The query is vague as to the nature of the problems and if they are unique to conveyancing in Totton. Conveyancing searches and due diligence initiated as part of the buying process are designed to help avoid problems. As part of the legal transfer of property, a seller fills in a questionnaire called a Seller’s Property Information Form. answers proves to be incorrect, you could possibly take legal action against the seller 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 Totton.
I have been referred to a conveyancing solicitor in Totton. I I am struggling to find out if they are on the Godiva Mortgages Ltd conveyancing panel. Could you help?
You should e-mail your lawyer and ask them if they are on the lender panel. Otherwise please call Godiva Mortgages Ltd who may be able to help.
How does conveyancing in Totton differ for newly converted properties?
Most buyers of new build or newly converted property in Totton contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Totton usually buy the real estate, 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 Totton or who has acted in the same development.
Over the last few months I have been searching for a flat up to £305k and found one close by in Totton I like with a park and station in the vicinity, the downside is that it only has 61 years unexpired on the lease. There is not much else in Totton in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the shortness of the lease may be an issue. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
What does commercial conveyancing in Totton cover?
Totton conveyancing for business premises covers a wide range of advice, provided by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.