Should our solicitor be making enquiries regarding flooding during the conveyancing in New Ferry.

The risk of flooding is if increasing concern for solicitors dealing with homes in New Ferry. Plenty of people will purchase a house in New Ferry, fully 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, suitable insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.

Conveyancers are not qualified to give advice on flood risk, however there are a various searches that can be carried out by the purchaser or on a buyer’s behalf which should figure out the risks in New Ferry. The conventional set of property information forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the owner to determine if the property has ever been flooded. In the event that flooding has previously occurred and is not disclosed by the owner, then a purchaser could issue a legal claim for losses as a result of such an misleading response. A purchaser’s solicitors will also conduct an environmental report. This should indicate if there is a recorded flood risk. If so, additional inquiries should be initiated.

How does conveyancing in New Ferry differ for newly converted properties?

Most buyers of new build premises in New Ferry contact us having been asked by the developer to sign contracts and commit to the purchase even before the property is completed. This is because developers in New Ferry usually buy 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 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 New Ferry or who has acted in the same development.

Due to the guidance of my in-laws I had a survey completed on a house in New Ferry before instructing lawyers. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some lenders tend not issue a loan on a flying freehold house.

It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in New Ferry. Conveyancing will be smoother if you use a solicitor in New Ferry especially if they are acquainted with such properties in New Ferry.

I need to instruct a conveyancing solicitor for remortgage conveyancing in New Ferry. I have discover a web site which seems to have the perfect solution If there is a chance to get all this stuff done via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

Planning to sign contracts shortly on a ground floor flat in New Ferry. Conveyancing solicitors inform me that they will have a report out to me next week. What should I be looking out for?

Your report on title for your leasehold conveyancing in New Ferry should include some of the following:

Repair and maintenance of the flat Where does the liability rest to repair and maintain the main walls and foundations. It is essential that you know which party is liable for the repair and maintenance of every part of the building Does the lease prevent you from subletting the property, or working from home Ground rent - how much and when is collected, and also know whether this will change in the future Whether your lease provides for a slush fund?

New Ferry Conveyancing for Leasehold Flats - Examples of Questions you should ask before Purchasing

How many of the leaseholders are in arrears for their service charge payments? Is anyone aware of any major works in the near future that will add a premium to the service charges? Plenty New Ferry leasehold flats will be liable to pay a service charge for maintenance of the block set by the freeholder. If you buy the flat you will have to pay this contribution, normally in instalments throughout the year. This may differ from several hundred pounds to thousands of pounds for large purpose-built buildings. There will also be a rentcharge to be met yearly, ordinarily this is not a exorbitant figure, say approximately £25-£75 but you need to enquire as on occasion it could be surprisingly expensive.