Last July we completed a house move in Chaddesley Corbett. We have noticed several issues with the property which we believe were omitted in the conveyancing searches. Do we have any recourse? Can you clarify the type of searches that needed to have been ordered as part of conveyancing in Chaddesley Corbett?
The query is vague as what problems have arisen and if they are relate to conveyancing in Chaddesley Corbett. Conveyancing searches and investigations undertaken during the buying process are designed to help avoid problems. As part of the legal transfer of property, a seller fills in a document known as a Seller’s Property Information Form. If the information turns out to be inaccurate, then you may have a claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Chaddesley Corbett.
What does a local search inform me regarding the house my wife and I purchasing in Chaddesley Corbett?
Chaddesley Corbett conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations such as Searches UK The local search plays an important part in most Chaddesley Corbett conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search will reveal information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
How does conveyancing in Chaddesley Corbett differ for newly converted properties?
Most buyers of new build premises in Chaddesley Corbett come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Chaddesley Corbett usually purchase 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 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 used to new build conveyancing in Chaddesley Corbett or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Chaddesley Corbett is the location of the property. Can you shed any light on this issue?
Flying freeholds in Chaddesley Corbett are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chaddesley Corbett you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chaddesley Corbett 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 premises.
Being a tenant I am on the hook for a service charge for my flat in Chaddesley Corbett. As a result of poor financial planning I slipped behind with remittance. The freeholders agreed a clearance plan but there remains a couple of currently outstanding.
I want to dispose of the property and I am worried this may jeopardize the sale if I have to discharge the arrears in advance. I'd like to sell up and subsequently pay them back with the proceeds - is this viable?
Do speak with the solicitor undertaking your Chaddesley Corbett conveyancing but it might be possible to arrange for the outstanding amount to be passed to the buyers. The purchase price they pay would be reduced to reflect the amount of debt they assume. They would then deal with the outstanding monies once they are the owners.