What does a local search reveal regarding the house we're buying in Oswestry?
Oswestry conveyancing often commences with the ordering local authority searches directly from local Authority or through a personal search company such as PSG The local search plays a central role in most Oswestry 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 applicable 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 thirteen subject headings.
How does conveyancing in Oswestry differ for new build properties?
Most buyers of new build residence in Oswestry approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because house builders in Oswestry tend to acquire 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 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 Oswestry or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Oswestry prior to retaining solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend refuse to give a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Oswestry. Conveyancing will be smoother if you use a solicitor in Oswestry especially if they are acquainted with such properties in Oswestry.