Will our lawyer be making enquiries concerning flooding as part of the conveyancing in Westcliff On Sea.
Flooding is a growing risk for conveyancers dealing with homes in Westcliff On Sea. There are those who buy a property in Westcliff On Sea, completely aware that at some time, it may be flooded. However, aside from the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a various searches that may be undertaken by the purchaser or on a buyer’s behalf which can give them a better appreciation of the risks in Westcliff On Sea. The standard information given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the seller to discover if the premises has ever been flooded. If flooding has previously occurred and is not notified by the seller, then a purchaser could commence a compensation claim as a result of such an incorrect answer. A purchaser’s conveyancers will also order an environmental report. This should disclose whether there is a recorded flood risk. If so, additional investigations will need to be conducted.
I have todayfound out that Wolstenholmes have been shut down. They carried out my conveyancing in Westcliff On Sea for a purchase of a leasehold flat 18 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The easiest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Westcliff On Sea conveyancing specialists.
How does conveyancing in Westcliff On Sea differ for newly converted properties?
Most buyers of new build residence in Westcliff On Sea contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Westcliff On Sea tend to buy the real estate, 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 conveyancing solicitors 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 Westcliff On Sea or who has acted in the same development.
I opted to have a survey carried out on a property in Westcliff On Sea before instructing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some lenders will refuse to issue a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Westcliff On Sea. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Westcliff On Sea to see if the conveyancing costs will increase in light of this.
Am in the process of purchasing my 1st property in Westcliff On Sea. Conveyancing practitioner has been instructed. The financial consultant advised that a survey is not appropriate as the house was only built in 2002.
As the bare minimum you need a Home Buyer's Report. Given the residence is more than 10 years old the property will not come with a warranty, so you don't want to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could be sufficient. The report should highlight any apparent issues and suggest further investigation where relevant. Where there are any signs of material issues seek a full Building Survey from the beginning.