I can't travel far from Cambridge. Is there a reason why all Cambridge property lawyers aren't automatically on all bank panels?
Even though it may seem unfair for banks to limit who can act for them, from the public’s or lawyer’s point of view, the the contrary view is that lending institutions are becoming ever more anxious and consider it vital to defend themselves against illegal activities. As a consequence of this concern mortgage companies have restricted their panel of approved conveyancing lawyers to a manageable size.
Should my solicitor be raising enquiries about flooding as part of the conveyancing in Cambridge.
The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Cambridge. There are those who acquire a house in Cambridge, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a number of checks that can be carried out by the purchaser or on a buyer’s behalf which can give them a better understanding of the risks in Cambridge. The conventional set of property information forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the owner to determine if the property has ever been flooded. If flooding has previously occurred which is not disclosed by the vendor, then a purchaser may bring a claim for damages stemming from an incorrect response. A buyer’s lawyers will also order an enviro search. This will reveal if there is a recorded flood risk. If so, more detailed inquiries should be conducted.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The lawyers who dealt with the conveyancing in Cambridge 5 years ago no longer exist. What do I do?
You no longer need to have the physical original deeds to evidence that you own the land or premises, as the Land Registry have everything they need in a digital format.
How does conveyancing in Cambridge differ for new build properties?
Most buyers of new build property in Cambridge approach us having been asked by the builder to sign contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Cambridge typically purchase the land, 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 conveyancers 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 accustomed to new build conveyancing in Cambridge or who has acted in the same development.
What type of property do your Cambridge conveyancing quotes relate to?
Our conveyancing quotes are only relevant to standard domestic property in England & Wales. Should you have any different needs for example industrial or agricultural property or commercial conveyancing in Cambridge you should telephone us to discuss your requirements .