Will our conveyancer be raising questions about flooding as part of the conveyancing in Chadwell Heath.
Flooding is a growing risk for solicitors conducting conveyancing in Chadwell Heath. Plenty of people will buy a house in Chadwell Heath, completely expectant that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, but there are a numerous searches that may be initiated by the buyer or by their conveyancers which can figure out the risks in Chadwell Heath. The standard completed inquiry forms supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the seller to discover if the property has suffered from flooding. In the event that the residence has been flooded in past and is not revealed by the owner, then a purchaser could issue a compensation claim stemming from an inaccurate reply. The buyer’s solicitors may also commission an enviro report. This will reveal if there is a recorded flood risk. If so, further inquiries should be carried out.
How does conveyancing in Chadwell Heath differ for new build properties?
Most buyers of new build residence in Chadwell Heath come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Chadwell Heath tend to purchase the site, 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 used to new build conveyancing in Chadwell Heath or who has acted in the same development.
I am a sole trader wishing to lease a unit on the high street. Can you recommend conveyancers offering fixed costs for non-domestic conveyancing in Chadwell Heath for less than £1,200?
We can recommend firms who have specialist knowledge of commercial conveyancing in Chadwell Heath, including the disposal and purchase of businesses as well as simply property. Whether you are looking to acquire or dispose of a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. Regarding the fees these will vary based on the structure and complexity of the proposed transaction. Please provide us with your details or call us so that we can supply you with a fixed commercial conveyancing quote.