Should my conveyancer be making enquiries concerning flooding during the conveyancing in South Petherton.
Flooding is a growing risk for solicitors carrying out conveyancing in South Petherton. Plenty of people will buy a house in South Petherton, completely expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, however there are a numerous checks that may be carried out by the purchaser or by their lawyers which should figure out the risks in South Petherton. The standard information given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the seller to find out if the premises has ever been flooded. If flooding has previously occurred and is not notified by the owner, then a purchaser could bring a claim for damages stemming from an misleading reply. A buyer’s solicitors may also conduct an enviro report. This should disclose whether there is a recorded flood risk. If so, further inquiries should be initiated.
I bought my home on 3 July and my personal details is yet to be registered. Should I be concerned? My conveyancing solicitor in South Petherton said it would be concluded inside ten days. Are properties in South Petherton particularly slow to register?
As far as conveyancing in South Petherton is concerned, registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can adjust according to the party submitting the application, whether it is in order and if the Land registry communicate with any 3rd persons or bodies. At present in the region of three quarters of submission are completed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration takes place after the new owner is living at the property so 'speed' is not always primary concern yet if there is a degree of urgency associated with the registration then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in South Petherton differ for newly converted properties?
Most buyers of new build residence in South Petherton approach us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in South Petherton tend to 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 South Petherton or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, chain free conveyancing. South Petherton is the location of the property. Can you shed any light on this issue?
Flying freeholds in South Petherton are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South Petherton you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Petherton may determine 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 property.
Taking into account that I will soon part with over three hundred thousand on 3 bedroom house in South Petherton I would like to have a conversation with the lawyer regarding thehome move in advance of instructing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the conveyancer who will be doing your conveyancing in South Petherton.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter reference. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in South Petherton should be the figure that you end up paying.