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Ready to buy a new home in Walkington? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Walkington transaction at risk of delay or failure.

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Recently asked questions about conveyancing in Walkington

Should my solicitor be making enquiries about flooding as part of the conveyancing in Walkington.

Flooding is a growing risk for lawyers specialising in conveyancing in Walkington. There are those who buy a property in Walkington, fully aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.

Conveyancers are not qualified to give advice on flood risk, however there are a various checks that may be initiated by the buyer or by their lawyers which can give them a better appreciation of the risks in Walkington. The standard property information forms supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the seller to determine if the property has ever been flooded. In the event that the property has been flooded in past which is not revealed by the vendor, then a buyer could bring a claim for damages stemming from an misleading reply. A purchaser’s solicitors will also carry out an enviro search. This should higlight whether there is a recorded flood risk. If so, further inquiries will need to be conducted.

3 months have elapsed following my purchase conveyancing in Walkington completed. 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 asset 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.

I opted to have a survey done on a property in Walkington prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some lenders tend refuse to grant a loan on this type of premises.

It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Walkington. Conveyancing may be slightly more expensive based on your lender's requirements.

I need to find a conveyancing solicitor for leasehold conveyancing in Walkington. I have discover a site which seems to have the ideal solution If there is a chance to get all the legals completed via web that would be ideal. Should I be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am in need of some leasehold conveyancing in Walkington. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.

Assuming the lease is recorded at the land registry - and 99.9% are in Walkington - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Walkington Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing

    Best to be warned whether a new roof is being installed or some other major work is due in the near future that will be shared between the leaseholders and will materially impact the level of the service fees or necessitate a one time invoice. How long is the Lease? What is the name of the managing agents?

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Find out more about how flying freehold can affect your the value of a property.