What specific things do I need to look out for if I’m buying a house on the coast?
With worsening weather and floods now becoming increasingly commonplace, with the media remarking on it in depth, buying a property that has a likelihood of flooding is a difficult decision to make. Not only is there the issue of cleaning up if it does flood, but insurance premiums will be much higher (and perhaps even prohibitive).
For homes in coastal areas, there is also the problem of coastal erosion, where some properties have been seen to literally fall into the sea.
However, the good news is that picking a home in a coastal region doesn’t automatically mean that it’s going to be subject to flooding or that it’s eventually going to slip into the sea. The searches ordered by your conveyancing solicitor will identify the level of risk associated with the property and, based on this, your solicitor may recommend that you take out specialist reports (e.g. from Landmark or other organisations) to get a more in-depth description of the risks and options. These are in addition to the standard set and will be charged to you as a disbursement at cost.
Your surveyor will also be able to identify evidence of previous floods and other problems during their inspection and provide advice in their report. If the problems are considered sufficiently severe, the surveyor may also note the specifics for further investigation by your conveyancing solicitor.
How much can my conveyancing searches in Chichester cost?
With a Homeward Legal solicitor, Chichester clients are expected to pay at most £249 for Chichester searches. These searches are disbursements.
We need to know which Chichester lenders your solicitors work with. Which panels are your solicitors members of?
The Homeward Legal partnership are able to work with all the major lenders assisting Chichester homebuyers. Local mortgage lenders and brokers include Personal Mortgage Service, Forum House Business Centre/Stirling Rd, Chichester, PO19 7DN, and Danrosads Mortgages, Po Box 651, Chichester, PO19 9JE.
What does 'gazumping' mean?
Gazumping occurs when a house seller approves a purchaser's offer and then refuses it, selecting instead another purchaser's offer. Although gazumping is less common in a declining market, there will always be a risk. Instructing a law firm early, and even before acceptance of an offer should help to mitigate this risk.
Having read about the widespread water flooding in Worthing I am anxious that property conveyancing searches aren't thorough enough?
Environmental searches carried out by a Chichester property solicitor will include a far more rigorous Landmark flood search if the risk warrants it.
You could always speak to a close neighbour for that further peace of mind.