Will our lawyer be asking questions regarding flooding during the conveyancing in Petworth.

The risk of flooding is if increasing concern for solicitors dealing with homes in Petworth. Some people will acquire a house in Petworth, fully aware that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.

Conveyancers are not best placed to offer advice on flood risk, however there are a number of checks that can be carried out by the buyer or on a buyer’s behalf which will give them a better appreciation of the risks in Petworth. The conventional set of information sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the owner to determine if the property has suffered from flooding. In the event that the residence has been flooded in past which is not disclosed by the seller, then a buyer may issue a claim for damages resulting from an incorrect response. A buyer’s lawyers will also commission an enviro search. This will higlight whether there is any known flood risk. If so, more detailed investigations will need to be made.

I decided to have a survey done on a house in Petworth ahead of retaining lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies will not give a loan on this type of premises.

It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Petworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Petworth to see if the conveyancing will be more expensive.

I'm converting the mortgage on my existing property to a BTL mortgage with Halifax and intend to use the remaining equity as a deposit on a second property. The neighborhood we are interested in is Petworth. Will your conveyancers be able to act for both sets of mortgage companies and tie in the conveyances?

Make use of our search tool on this page to check that the conveyancers are approved by both lenders. Having checked that they are the lawyer should be able to tie up the two transactions but you should talk with you lawyer and specify your desired outcome and requirements.

We are 14 days into a leasehold purchase having been referred to conveyancers by the local agent to carry out the conveyancing in Petworth. I am am extremely disappointed with the level of service. Could you you assist me in finding new conveyancers?

They would need to be very bad to suggest replacing them. Has the loan offer been issued? If so you must make them aware of the new solicitor and have the loan are issued to the new lawyers. Your new conveyancer should be on the banks panel to avoid added charges and frustration. So that should be your starting point. Our find a solicitor tool will assist you in finding a lender approved conveyancer for your conveyancing in Petworth

I own a leasehold flat in Petworth. Conveyancing and Birmingham Midshires mortgage organised. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Petworth who previously acted has long since retired. What should I do?

First make enquiries of HMLR to be sure that this person is indeed the new freeholder. You do not need to instruct a Petworth conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Petworth Leasehold Conveyancing - A selection of Queries Prior to Purchasing

You should be aware if it is less than 80 years it will affect the salability of the flat. Check with your mortgage company that they are happy with the length of the lease. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and you need to have some idea of how much this will be. For most Petworthlease extensions you would need to own the premises for two years in order to be eligible to extend the lease. Is there a share of the freehold? Does the lease have more than 90 years unexpired?