Will my solicitor be raising enquiries regarding flooding during the conveyancing in Hampden Pk.
Flooding is a growing risk for solicitors specialising in conveyancing in Hampden Pk. There are those who purchase a property in Hampden Pk, fully aware that at some time, it may be flooded. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to give advice on flood risk, but there are a various checks that may be carried out by the purchaser or by their conveyancers which will figure out the risks in Hampden Pk. The standard information given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to determine if the premises has historically flooded. If flooding has previously occurred and is not revealed by the owner, then a buyer may commence a legal claim for losses resulting from an incorrect response. A buyer’s solicitors may also commission an environmental report. This should higlight whether there is any known flood risk. If so, further investigations should be initiated.
How does conveyancing in Hampden Pk differ for newly converted properties?
Most buyers of new build or newly converted property in Hampden Pk contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because developers in Hampden Pk usually buy 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 accustomed to new build conveyancing in Hampden Pk or who has acted in the same development.
I need to appoint a conveyancing solicitor for my conveyancing in Hampden Pk. I happened to chance upon a web site which looks to be the perfect offering If there is a chance to get all formalities done via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?