I am in the process of refinancing my house in Wolverton, does my lawyer need to be on the Nottingham Conveyancing panel?
In theory, you could use a solicitor that is not on the Nottingham conveyancing panel, but Nottingham would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Will my conveyancer be raising questions about flooding as part of the conveyancing in Wolverton.
Flooding is a growing risk for solicitors specialising in conveyancing in Wolverton. There are those who acquire a property in Wolverton, fully aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, however there are a numerous checks that can be undertaken by the purchaser or on a buyer’s behalf which should figure out the risks in Wolverton. The standard completed inquiry forms sent to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the owner to find out whether the property has ever been flooded. If the premises has been flooded in past which is not disclosed by the seller, then a buyer could bring a claim for damages as a result of such an misleading answer. A purchaser’s solicitors will also order an enviro report. This should reveal if there is any known flood risk. If so, more detailed investigations should be conducted.
How does conveyancing in Wolverton differ for newly converted properties?
Most buyers of new build premises in Wolverton approach us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because house builders in Wolverton tend to 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 conveyancing solicitors 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 used to new build conveyancing in Wolverton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Wolverton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Wolverton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wolverton you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wolverton may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I need to find a conveyancing solicitor for my conveyancing in Wolverton. I've discover a web site which seems to have the ideal solution If there is a chance to get all this stuff done via email that would be preferable. Do I need to be concerned? What are the potential pitfalls?
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?