Buying a house is more than bricks and mortar. It’s also an experience laden with unseen risk. Conveyancing searches assist in unearthing any risks such as discovering your new home has been used as security for another person’s loan. Most lenders require thorough conveyancing searches and usually provide a list of searches to complete. Even if you don’t have a lender, it’s a good idea to do the searches.
Conveyancing Searches are your opportunity to investigate your potential property, and surrounding neighbourhood before contracts are finalised. You’ll discover whether there are lurking issues with your new home either structurally or with the area such as annual flooding or being part of a mining town.
Discovering your new home
Evaluating surroundings is good practice, and provides peace of mind. Conveyancing searches deliver facts for you to make the best decision for yourself and your future. You don’t want to discover your new home was once part of an industrial estate, when it’s too late to do anything about it.
It’s crucial to have quality conveyancing solicitors to hand such as https://www.samconveyancing.co.uk/Conveyancing-Solicitors, ensuring the home you want to buy is yours to buy. The last thing you want is a home you cannot insure or sell.
Types of conveyancing searches
Conveyancing searches are specific to their geographic location. Your conveyancing solicitors will guide you through the requirements for your area. There are also three common searches that fall into three main categories: Local Authority, Environmental, and Water and Drainage.
The Local Authority conveyancing search investigates any potential difficulties with pollution, highways, planning and building control. Environmental conveyancing searches decide whether your home and its surrounding area has any problems with polluted land, landslide, flooding and subsidence. The Water and Drainage searches centre around your new property’s water source and all the related areas such as sewage, drains, metering and any planning challenges.
Following contract exchange there are a handful of pre-completion conveyancing searches required. They ensure you are still legally entitled to purchase the property and check nothing about the property has altered since you began the purchase process. https://www.clc-uk.org.uk/ has a list of regulated conveyancers so you can purchase your new home without worrying about losing money later.
The information conveyancing searches yield is worth its weight in gold, providing comfort and confirmation around your property’s safety, legality and development potential.