My partner and I are close to exchanging contracts on the sale of our property in Plasmarl and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any high street Plasmarl conveyancer would know that there is no such problem. It does beg the question why the purchasers used a web based conveyancing practice rather than a conveyancing solicitor in Plasmarl. Having lived in Plasmarl for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Plasmarl differ for newly converted properties?
Most buyers of new build premises in Plasmarl come to us having been asked by the seller to exchange contracts and commit to the purchase even before the house is finished. This is because builders in Plasmarl typically purchase 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 conveyancers 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 Plasmarl or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Plasmarl ahead of instructing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies may not grant a loan on this type of home.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to call us we can check via 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 Plasmarl. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I be concerned about 3rd parties that I am dealing with are recommending an internet conveyancing firm rather than a local Plasmarl conveyancing practice?
As is the case with many service providers, often suggestions from connections can be worth their weight in gold. Yet there are numerous parties with a keen interest in a conveyancing transaction; estate agents, mortgage brokers and banks may recommend conveyancers to appoint. Sometimes these lawyers might be known to one of the organisations as experts in their field, but occasionally there might be a commercial relationship behind the recommendation. You have the discretion to appoint your preferred lawyer. You need to be aware that some lenders specify a panel list of conveyancers you are obliged to use for the lender related work in your conveyancing.
I have instructed a Plasmarl conveyancing solicitor for our home move (FTB’s) and have spotted in the terms and conditions that they are not governed by the Financial Conduct Authority. Need I be concerned or is that standard with conveyancing practitioner?
We can't see why they should be. Most conveyancer don't lend money. You should check that they are governed by the Solicitors Regulation Authority, who set strict stipulations in relation to funds held on client account.