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When buying or selling a home, conveyancing disbursements are generally those expenses incurred which do not form part of the fees your legal representative is charging for acting for you. Generally, these costs are incurred where searches are obtained or consents are sought from third parties.
It can sometimes be confusing to clients when a request is made for money at the beginning of the matter where it appears no substantive work has taken place. This note explains just some of the main disbursements you are likely to pay for when purchasing a property and their importance in ensuring your legal representative is discharging their duty and acting in your best interests to limit the risks you face from your purchase.
Local Authority Searches reveal the planning history of the property and provide an overview of the permissions that have granted, although the work may have not been carried out. This is vital information to the purchaser as they must be satisfied that the property can be enjoyed by them for the purposes they are purchasing it for. This search also helps to identify if the seller is using the property in a way which would require permission from the local authority. As the purchaser will be liable for existing breaches, it is essential they are aware of any risks.
Drainage & Water Searches give information as to how the property is connected to the mains water supply and the arrangements for drainage and sewage. This search also explains who is responsible should any of the related infrastructure becomes damaged or blocked and also provides the individual breakdown of costs attributable to the property for these services.
Chancel Repair Search helps identify if the property is liable to pay towards a historic charge that was levied against those living within the vicinity of a parish church. Whilst it is rare that a liability exists and perhaps more rare that an actual claim is made, where this does occur, it can be very expensive as can be learned from a House of Lords decision which resulted in the purchaser paying a substantial contribution.
Environmental Searches help reveal, amongst other risks, if the property is affected by radon gas, surface and ground water flooding, subsidence and contamination. In addition to the effect on insurance from these risks being present, the home could become uninhabitable due to the risk to health from exposure to these elements.
Our team of experienced property lawyers ensure that these checks are carried out as a matter of policy and where searches reveal the need for closer scrutiny, this is brought to your attention at the earliest.
We have a dedicated team both in England and Wales offering conveyancing services across the country. Should you need assistance, please do not hesitate to contact a member of our team on email@example.com or by calling 02920 388 398.