Should our conveyancer be making enquiries about flooding during the conveyancing in Congleton.

The risk of flooding is if increasing concern for solicitors conducting conveyancing in Congleton. Some people will acquire a property in Congleton, completely expectant that at some time, it may be flooded. 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. Steps can be carried out during the course of a house purchase to forewarn the buyer.

Lawyers are not best placed to offer advice on flood risk, however there are a number of searches that may be initiated by the buyer or on a buyer’s behalf which should figure out the risks in Congleton. The conventional set of property information forms given to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the vendor to determine if the property has suffered from flooding. In the event that the property has been flooded in past which is not revealed by the vendor, then a buyer could bring a legal claim for losses resulting from an inaccurate reply. A purchaser’s solicitors should also order an environmental search. This should reveal whether there is a recorded flood risk. If so, further investigations should be conducted.

three months have elapsed following my purchase conveyancing in Congleton completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Congleton differ for new build properties?

Most buyers of new build property in Congleton come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because developers in Congleton typically buy 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 property lawyers 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 Congleton or who has acted in the same development.

What does commercial conveyancing in Congleton cover?

Non domestic conveyancing in Congleton covers a wide array of guidance, offered by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

My conveyancer in Congleton is asking me for ID documents stating that this is part of his retainer as a conveyancer on the lender Conveyancing panel. Am I being spun a yarn?

Anti-terror and anti-money-laundering rules require Congleton conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements