Whether you're a layman looking to understand your own transaction or a lawyer needing assistance with a client's conveyancing our step by step sale and purchase guides will lead you through the process while our mini guides will break the whole thing into manageable chunks and give a deep insight into the key issues and stages. Leasehold, freehold, unregistered, registered – we've got it all covered.
Need help with a remortgage or transfer of equity / deed of gift? Our guides will walk you through the process and highlight some of the common pitfalls. Mortgages and transfers can be very simple procedures but complex issues can sometimes arise and mistakes are easily made. These guides will help you deal with them.
So you want to have a go at your own conveyancing? First you should read about the risks, then if you're still happy to proceed, our guides will take you through each stage of the process telling you what to look out for and helping you avoid falling into expensive traps. Our subscription service will give you access to all of the documents you should need for your conveyancing and we can even supply you with the Land Registry Official Copies you'll need. Our general guides will cover all the obstacles you are likely to face and offer a practical solution. Have a look at our sale and purchase guides too.
A big part of the conveyancing process is the conveyancing searches. This section tells you all about them. What they are, how and when to order them and how to interpret the results. Each search has its own guide and you'll see they are separated into Standard (should be done in every case), Regional (area specific) and Optional (not essential but often useful tools for the would be purchaser). All buyers should beware that when you buy a property, the law assumes that you have seen the information that would have been revealed by searches whether or not you have actually carried them out, so you buy the property subject to the results.
Using a conveyancer to handle your conveyancing will greatly reduce the risk to you and sometimes, particularly if you are taking out a new mortgage, you will have no choice but to instruct a conveyancer. The good news is it doesn't have to break the bank. Get a free, instant quote here. We can also help with quick easy quotes for other moving related services.
Are you looking for the documents you'll need for your conveyancing transaction? Or official copies of the title or other documents from Land Registry. We can help you. Follow the links below.
As anyone who watches the news will know, problems caused by flooding in Britain are on the increase. As a result, insurers are becoming nervous about covering properties in areas known to be at high risk from flooding. To assist with the situation, the government had previously been prepared to underwrites certain losses suffered by insurers in order that they would continue to insure high risk properties.
Around a year ago however the government decided that it would no longer underwrite losses. Since that announcement, there has been further discussion which may ultimately result in a U-turn but in the meantime the risk remains. The effects if the government chooses to withdraw its support may be that properties in certain areas are unable to obtain buildings and contents insurance against flood damage. This would obviously have an affect on the value of the property in question and may make it impossible to obtain a mortgage on it.
Quite simply, this is an assessment as to how likely it is that the property you're intending to purchase will suffer from flooding at some point in the future. It is not based on a physical inspection but rather, on historical data available to the report provider.
The flood risk report will tell you what level of risk there is that the property might be flooded. the levels of risk range from minimal to very high. The report takes into account risks from surface water, groundwater,coastal and river flooding. The report will also tell you whether it is likely that the property will be insurable against on normal terms.
There are various companies which will supply flood risk reports. We have partnered with a reputable specialist search company to make ordering a flood risk report easier, click link to order.
Obviously having local knowledge is an advantage and may render a flood search unnecessary however, it is worth bearing in mind that insurers will not have local knowledge and when assessing whether they are prepared to insure and what premium they will charge, they will look at data which is representative of a wider area than the individual property in question. For example, the property you are interested in may be at the top of the hill, but will the insurers take this into account if the surrounding areas at the bottom of the hill are subject to high levels of flooding? You may find that they will not, particularly since many insurers use automated systems to generate quotes.
Even where a purchaser does not request a flood report, conveyancers who are also acting for a mortgage lender may consider that it is essential to satisfy the CML Handbook requirement to carry out "all necessary searches and enquiries".
Most conveyancing search providers will now indicate when ordering the searches when they consider that the property is in an area for which a flood risk report ought to be carried out. This guidance ought to be followed.
Purchasers should be aware that their conveyancer will not be able to advise them on the result of the report. This is because conveyancers are not experts in this field. The information on the report is however designed to be easily understood by the general public therefore interpreting the report should be reasonably straightforward.