Souldretaining a Wedmore conveyancing lawyer make my purchase more efficient?

Existing third party relationships is an important consideration when appointing conveyancing lawyers. Wedmore conveyancers enjoy long term relationships with financial advisers and agents, local authorities, surveyors and other conveyancing firms meaning you will move in shortest possible time. Hosting vast knowledge of the local area also helps too.

I have been referred to a conveyancing solicitor in Wedmore. I need to find out whether they are on the Coventry Building Society approved list of lawyers. Can you or the lender confirm if they are on the panel?

The first thing to do is phone the solicitor and enquire whether they are on the lender panel. Otherwise please get in touch with Coventry Building Society who may be able to confirm.

Should my conveyancer be raising enquiries concerning flooding during the conveyancing in Wedmore.

Flooding is a growing risk for lawyers carrying out conveyancing in Wedmore. Some people will acquire a property in Wedmore, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.

Conveyancers are not qualified to give advice on flood risk, however there are a number of searches that can be undertaken by the purchaser or on a buyer’s behalf which should figure out the risks in Wedmore. The conventional set of completed inquiry forms supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) contains a standard question of the vendor to discover whether the property has suffered from flooding. If the property has been flooded in past which is not revealed by the owner, then a purchaser may bring a legal claim for losses resulting from an misleading answer. The buyer’s conveyancers should also order an environmental report. This should disclose whether there is any known flood risk. If so, more detailed investigations should be carried out.

3 months have elapsed since my purchase conveyancing in Wedmore concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

My wife and I purchased a leasehold house in Wedmore. Conveyancing and Virgin Money mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1993. The conveyancing practitioner in Wedmore who previously acted has long since retired. Any advice?

First make enquiries of the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Wedmore conveyancing firm to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Wedmore Conveyancing for Leasehold Flats - A selection of Queries Prior to Purchasing

How is the lease structured? Are any of leasehold owners in dispute over their service charge payments? It would be prudent to find out as much as possible regarding the company managing the building as they will either make life much simpler or uncomfortable. As the owner of a leasehold property you are frequently at the mercy of the managing agents both financially and when it comes to daily matters like the tidiness of the common parts. Enquire of other tenants if they are happy with them. On a final note, be sure you understand the dates that you are obliged pay the service charge to the managing agents and precisely how they are spending the funds.