Last June we completed a house move in Westbury On Trym. We have noticed several issues with the property which we suspect were overlooked in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been conducted as part of conveyancing in Westbury On Trym?
The query is vague as to the nature of the problems and if they are specific to conveyancing in Westbury On Trym. Conveyancing searches and investigations initiated during the buying process are designed to help avoid problems. As part of the legal transfer of property, a seller answers a questionnaire known as a Seller’s Property Information Form. answers proves to be misleading, 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 Westbury On Trym.
I have an AIP. The bank mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to use a local conveyancing solicitor in Westbury On Trym?
You should check but the chances are that appoint one of their panel conveyancers should you accept the "fee-free" deal. Speak to the bank to check if they allow a cash alternative. Some mortgage companies have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Westbury On Trym.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Westbury On Trym?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Westbury On Trym. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm converting the mortgage on my primary house to a BTL mortgage with The Mortgage Works and I will use the rest of the raised equity as a down payment on another house. The neighborhood we are looking at is Westbury On Trym. Will your solicitors be able to act for both sets of lenders and tie in the transactions?
Make use of our search tool on this site to ensure that the solicitors are approved by both lenders. Having checked that they are your conveyancer should be able to connect the two conveyancing matters but you should have a chat with you lawyer and make apparent your expectations and requirements.
I have just started marketing my basement flat in Westbury On Trym. Conveyancing is yet to be initiated, but I have recently had a yearly service charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is clear the invoice as you normally would as all ground rent and maintenance charges should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Westbury On Trym Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
-
In the main the cost for major works tend not to be included within maintenance charges, albeit that some managing agents in Westbury On Trym ask tenants to contribute towards a reserve fund and this is used to offset against larger repairs or maintenance. Be sure to discover if there is anything that is prohibited in the lease. By way of example it is fairly common in Westbury On Trym leases that pets are not permitted in certain buildings in Westbury On Trym. If you like the flatin Westbury On Trym but your dog is not allowed to make the move with you then you will be presented with a difficult compromise. Its a good idea to discover as much as you can about the managing agents as they will either make your living at the property much easier or problematic. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day issues like the upkeep of the communal areas. Ask other tenants what they think of their service. On a final note, investigate as to the dates that the maintenance charges are due to the managing agents and specifically what you get for your money.