Last September we completed a house move in Sneyd Park. We have since encountered a number of problems with the property which we consider were omitted in the conveyancing searches. Is there anything we can do? What searches should? have been ordered as part of conveyancing in Sneyd Park?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Sneyd Park. Conveyancing searches and investigations initiated as part of the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a seller answers a document referred to as a Seller’s Property Information Form. If the information is misleading, you may have a misrepresentation claim against the seller 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 Sneyd Park.
Finally the sale completed on my house in Sneyd Park last December but my buyer keeps e-mailing every few hours to moan that his conveyancer needs to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
After completion of your house sale your solicitor should send the transfer documentation and all additional paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also evidence that the home loan has been redeemed to the purchasers conveyancers. There are no post completion formalities just for conveyancing in Sneyd Park.
A colleague suggested that where I am buying in Sneyd Park I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Sneyd Park conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Sneyd Park around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Sneyd Park Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Sneyd Park Education with plans and statistics, Local Amenities and other useful data about Sneyd Park.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Sneyd Park is where the house is located. Can you shed any light on this issue?
Flying freeholds in Sneyd Park are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Sneyd Park you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sneyd Park may ascertain 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 property.
Having had my offer accepted I require leasehold conveyancing in Sneyd Park. Before I set the wheels in motion I require certainty as to the remaining lease term.
Assuming the lease is registered - and almost all are in Sneyd Park - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Sneyd Park Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing
-
The best form of lease arrangement is if the freehold reversion is owned by the leaseholders. In this scenario the lessees enjoy control and notwithstanding that a managing agent is frequently employed where it is larger than a house conversion, the managing agent retained by the leaseholders. The majority of Sneyd Park leasehold properties will incur a service bill for maintenance of the block invoiced by the management company. If you purchase the property you will have to meet this liability, usually in instalments throughout the year. This could be anything from two or three hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a rentcharge to be met annual, ordinarily this is not a exorbitant amount, say around £50-£100 but you should to enquire as sometimes it can be many hundreds of pounds. Are there any major works in the near future that will increase the maintenance costs?