My IFA requires my Waterbeach lawyer’ panel member for the HSBC conveyancing panel. Can you suggest how I obtain this. I have e-mailed my local Waterbeach office but they cant find it on their system.

The sensible thing to do is ask for this information from your Waterbeach conveyancing practitioner . They keep a central record lender panel numbers.

Do all mortgage companies provide you with an approved list of Waterbeach conveyancing solicitors? How do you know who is on the Nationwide conveyancing panel?

Waterbeach conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.

Will our conveyancer be raising questions about flooding as part of the conveyancing in Waterbeach.

The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Waterbeach. There are those who purchase a house in Waterbeach, fully aware that at some time, it may suffer from flooding. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.

Solicitors are not qualified to give advice on flood risk, however there are a numerous checks that may be initiated by the purchaser or on a buyer’s behalf which will give them a better appreciation of the risks in Waterbeach. The standard information sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the owner to determine if the premises has historically flooded. In the event that the residence has been flooded in past and is not notified by the vendor, then a buyer could commence a claim for damages resulting from an incorrect answer. A purchaser’s solicitors will also conduct an enviro search. This should indicate whether there is a recorded flood risk. If so, additional inquiries should be made.

What is different about your site and alternative online quote calculators when it comes to conveyancing in Waterbeach?

At this site receive an accurate quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Waterbeach. Unlike many estate agents and brokerage sites we do not charge firms a commission if you appoint them for your conveyancing in Waterbeach

I am a negotiator for a busy estate agency in Waterbeach where we have experienced a few flat sales jeopardised due to short leases. I have been given inconsistent advice from local Waterbeach conveyancing solicitors. Please can you confirm whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Waterbeach Leasehold Conveyancing - Sample of Questions you should consider before buying

Plenty Waterbeach leasehold properties will be liable to pay a service bill for the upkeep of the building levied on behalf of the freeholder. Should you purchase the property you will have to meet this liability, normally quarterly throughout the year. This can be anything from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal areas. In all likelihood there will be a rentcharge to be met yearly, normally this is not a exorbitant sum, say about £50-£100 but you should to enquire as occasionally it could be prohibitively expensive. Does the lease include onerous restrictions? Is the freehold owned collectively by the tenants?