How do I discover of the solicitor handling my conveyancing in Ventnor is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Ireland thus spending £175.00 in additional conveyancing costs.

Feel free to take advantage of the find a lender approved solicitor tool on this page. Pick the mortgage company and type ‘Ventnor’ or your location and you will be presented with numerous solicitors based in Ventnor or nearest you.

Will our solicitor be raising enquiries regarding flooding during the conveyancing in Ventnor.

Flooding is a growing risk for lawyers carrying out conveyancing in Ventnor. Some people will acquire a house in Ventnor, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.

Conveyancers are not qualified to offer advice on flood risk, however there are a number of checks that may be initiated by the buyer or on a buyer’s behalf which can give them a better appreciation of the risks in Ventnor. The conventional set of property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard inquiry of the owner to determine whether the property has suffered from flooding. In the event that the property has been flooded in past and is not notified by the vendor, then a purchaser may bring a compensation claim stemming from an incorrect answer. The purchaser’s conveyancers may also conduct an environmental search. This will indicate if there is a recorded flood risk. If so, more detailed investigations will need to be initiated.

Over the last few months I have been searching for a ground for flat up to £305k and found one close by in Ventnor I like with a park and station in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Ventnor for this price, so just wondered if I would be making a grave error buying a lease with such few years left?

Should you need a home loan that many years may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.

I need to instruct a conveyancing lawyer in Ventnor for my sale. Is it possible to check a firm’s complaints history with the profession’s regulator?

Members of the public can find documented Solicitor Regulator Association (SRA) decisions stemming from investigations started on or after 1 January 2008. Go to Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator could recorded call for training reasons.

I am short of a 10% deposit on my apartment purchase in Ventnor , but I am keen proceed. Do I have options?

One option is to try and agree a lesser deposit. Most property owners will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment