What do property searches bear upon?
These searches are a commonly-used set of enquiries performed on behalf of the party intending to buy the property, which may include a chancel search. Searches will not identify structural issues like cracks in walls.
Would the home's fixtures and fittings include chairs?
Generally speaking, there is not a legal definition of fixtures and fittings. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction, and which makes resolving any confusion between buyer and seller on this issue so urgent.
Is it advisable that we get a chancel liability search? We are buying a property in Mossley.
Chancel liability repair costs can run into £100,000s, which owners of affected property will be compelled to pay on demand to the Mossley Church council. As a result of the Land Registration Act 2002, interest over any affected land must be registered by October 2013. This will make it easier to identify affected property through a chancel search. Your conveyancing lawyer will suggest an appropriate indemnity policy to address chancel liability. Mossley church lands where chancel liability may apply include Holy Trinity, Saint John's and St George.
Which local authority is responsible for Mossley?
Mossley is located in Tameside Metropolitan Borough Council, Council Offices, Wellington Road, Ashton- under- Lyne, OL6 6DL, Tel: 0161 342 8355
Can I withdraw my offer on a property at any time?
When you make an offer on a house that has been accepted by the vendor, you can ask them to take it off the market as part of the acceptance. If you are selling, you can show your intent by agreeing to remove it from other potential buyers’ interest.
As a buyer, you can withdraw your offer at any time (and, as a seller, you can reject an offer at any time) up to the exchange of contracts, which means you are now legally committed to go through with the transaction at the agreed price. You should check your contract with both the estate agent and your conveyancing solicitor as there may be fees and other penalties associated with pulling out of the transaction after the offer was initially agreed.
If you decide to withdraw from the contract after exchange, then you are in breach. This means, if you’re the buyer, the seller is entitled to keep whatever agreed sum has been set for the deposit, and could claim damages; as the seller, you will be liable to pay interest accrued during the Notice to Complete period as well as the deposit, and the potential for claiming losses, and the buyer has to return everything about the property at the seller’s expense.