Forgive me if this question is silly but I am new to the home buying as FTB of a garden flat in Princes Risborough.Do I pick up the keys to the house on the completion date from my conveyancer? If this is the case, I will use a local conveyancing solicitor in Princes Risborough?
On the day of completion you do not need to attend the conveyancers office in Princes Risborough. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's lawyers, and once they have received this, you will be called to receive the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
Should our lawyer be making enquiries regarding flooding during the conveyancing in Princes Risborough.
Flooding is a growing risk for lawyers carrying out conveyancing in Princes Risborough. There are those who buy a house in Princes Risborough, completely 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, suitable building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to impart advice on flood risk, however there are a number of searches that may be initiated by the purchaser or on a buyer’s behalf which should give them a better understanding of the risks in Princes Risborough. The standard completed inquiry forms given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a standard question of the vendor to find out whether the property has suffered from flooding. If the premises has been flooded in past which is not revealed by the vendor, then a buyer may bring a legal claim for losses stemming from an inaccurate response. A purchaser’s solicitors should also conduct an environmental search. This should indicate if there is any known flood risk. If so, additional inquiries should be initiated.
My wife and I purchased a terraced Georgian house in Princes Risborough. Conveyancing solicitor represented me and . I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Princes Risborough and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing practitioner who conducted the conveyancing.