Last March we completed a house move in Waterbeach. We have noticed several issues with the property which we believe were omitted in the conveyancing searches. What action can we take? What searches should? have been carried out as part of conveyancing in Waterbeach?
It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in Waterbeach. Conveyancing searches and investigations initiated as part of the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, the vendor completes a form referred to as a SPIF. answers proves to be inaccurate, then you may have a claim against the vendor 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 Waterbeach.
Why do I have to pay up front for my conveyancing in Waterbeach?
Where you are retaining lawyers for conveyancing in Waterbeach your lawyer will ask you to provide them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. If any down payment is payable against the total price then this will be needed shortly in advance of contracts are exchanged. The closing balance that is needed should be transferred shortly before completion.
I purchased my apartment on 1 February and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in Waterbeach said it will be dealt with in less than a month. Are transfers in Waterbeach uniquely lengthy to register?
As far as conveyancing in Waterbeach is concerned, registration is no faster or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether it is in order and if the Land registry communicate with any interested parties. As of today approximately three quarters of submission are completed in less than three weeks but occasionally there can be protracted hold-ups. Registration takes place once the purchaser is living at the property so registration formalities is not always primary concern but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
I have been on the look out for a leasehold apartment up to £195,000 and found one close by in Waterbeach I like with a park and railway links in the vicinity, however it only has 51 remaining years left on the lease. I can't really find anything else in Waterbeach for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
My father-in-law has encouraged me to instruct his conveyancers in Waterbeach. Should I use them?
Much as we are happy to recommend a Waterbeach conveyancing lawyer it’s preferable to select a conveyancing practitioner is to have feedback from friends or family who have actually used the firm that you are considering.