My wife and I have recentlypurchased a property in Peacehaven. We have since encountered a number of issues with the property which we believe were omitted in the conveyancing searches. What action can we take? What searches should? have been conducted for conveyancing in Peacehaven?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Peacehaven. Conveyancing searches and investigations initiated as part of the buying process are designed to help avoid problems. As part of the process, the vendor answers a document called a Seller’s Property Information Form. answers 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 Peacehaven.
How does conveyancing in Peacehaven differ for newly converted properties?
Most buyers of new build premises in Peacehaven come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Peacehaven tend to acquire the site, 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 property lawyers 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 Peacehaven or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Peacehaven prior to appointing lawyers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some banks may refuse to grant a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Peacehaven. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Peacehaven to see if the conveyancing will be more expensive.