Several searches are usually ordered from us at one time for a property and a standard group of searches tends to include a local authority search, a drainage and water search, a chancel check and an environmental search.
Obviously this is not an extensive list for each and every property and we would recommend that the advice given by a property solicitor or conveyancer is followed to determine which property searches they believe are necessary to be carry out before the purchase. Solicitors and conveyancers working in the industry are highly trained and will have previous experience choosing the right searches for the property being purchased.
Our state of the art online ordering system will give automatically alerts to users if extra search reports are identified as prudent to acquire, based on a number of unique datasets, to ensure homebuyers receive the very best information and advice about one of the biggest financial commitments they are about to undertake. Strictly speaking anyone is able to order property searches from us, although we would not recommend this if a qualified property solicitor or conveyancer is involved in the purchase of a property.
Professionals working in the property industry will have a wealth of experience behind them and are also bound by strict risk and compliance rules and regulations to ensure they are fully compliant and protecting their clients. For example, if property searches were carried out by a solicitor or conveyancer and a risk was identified after the purchase, which was detrimental to the property, the solicitor or conveyancer could be liable for any costs associated with this as they have a duty to their clients to ensure they are aware of anything that may deter them from purchasing the property.
They will of course have professional indemnity insurance cover in place to protect both yourself and them if such an unfortunate situation were to arise. Property searches will last for up to 3 months, after which time we would recommend that new searches are purchased to guarantee the accuracy of the information and data included in them. This would occur in very rare instances such as if chains break down resulting in the process of the transaction being drawn out for a longer period of time than normal.
Visit www. In some cases solicitors or conveyancers will provide a total fee for their service and any additional conveyancing costs, whilst others will break these costs down and fees will be given for each service. Any previously collapsed drains will also be highlighted. Boundary Search Most conveyancers will be able to flag up any boundary issues using the Title Plan downloaded direct from the Land Registry.
Commons Registration If the property sits besides common land such as village green, this search will confirm that there are no encroachment issues. Land Charges Search This search is undertaken in rare situations where the underlying land is not registered.
Canal and River Search This search is suggested if the property backs on to a river, canal or stream. It will reveal what rights exist over the waterway alongside any financial obligations. Mining Search In a similar vein to the environmental searches, if an old and unprotected mine, entrance or shaft is found nearby then it could cause the future owner problems. Evidence of previous brine mining is also reported. Solar Panels If there are solar panels on the property, extra investigations are required.
No Search Indemnity Insurance Here at Property Solvers , we take out a specific insurance policy to protect us against any negative results. How Long do Searches Take? Once the conveyancing searches are done… The buyer will then receive a full report and highlight any reasons for concern. Dealing with Negative Search Results There may be situations where the sale is at risk of falling through due to negative search results. The mortgage lender may not wish to move forward.
Many of the issues are resolvable for minimum cost. However, issues like subsidence are much more costly to resolve and will require underpinning and contracting a structural engineer. Posts in this Series: 1. What is Conveyancing? Conveyancing Fees — The Essential Guide 3. No Sale, No Fee Conveyancing 4. Fixed Fee Conveyancing 5. Conveyancing: Understanding the Process 7. How Long Does Conveyancing Take?
A Wise Idea? Conveyancing Searches How Long After Searches to Exchange? Exchange and Completion? How Long Between Exchange and Completion? When it comes to buying a property, the onus is on the buyer to uncover as much information as they can. This is why property searches are so important. Property searches show you in detail any risks or changes associated with your property and its surrounding area. If the searches flag any issues with the property, a mortgage lender may not grant the mortgage.
There are two key components to local authority searches. Another search will tell you if the property is listed or in a conservation area. These types of properties often come with a list of things you can and cannot do to the property to maintain its original appearance. This can include not making changes to the exterior, only making changes that keep within the feel of a local area, and not chopping down protected trees. The second branch of local authority searches will look at proposals.
This can include plans to build new train lines, schools, roads and property developments. It gives you an idea of how the area around your property could change over the years. So if the property overlooks rolling green fields, local authority searches will tell you if any plans could change that. You can request a generic local authority search yourself without going through a solicitor. Companies registered with the PCCB also know what to look out for in searches, the extra information required, and the right questions to ask.
Local authority searches are valid for 6 months, so if your purchase is taking longer to complete than anticipated, you may need to instruct your solicitor or conveyancer to update the searches. Environmental searches look at the land your property is on. These searches flag if the property is at risk of flooding or subsidence.
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