The Problems in Purchasing Property - Not All Is Doom And Gloom

 Buying or selling a property can be a stressful process, with many issues having the potential to delay completion and, in some cases, to threaten the transaction itself. Valuations can come in below expectations; survey reports can reveal defects requiring costly remedial works; a transaction further down the chain can collapse. Not until the Friday afternoon Royal Court session, when the contract is passed, can a transacting party know that the deal is definitively done.

The conveyancing process itself can reveal issues which can threaten or delay a transaction.

Boundary irregularities are a commonly occurring issue. Sometimes it may be that part of a building or enclosure has been built on the wrong side of, or too close to, the boundary with the neighbour's property. Or a window or other opening has been established less than the required 2 feet 9 inches from the boundary. Or a boundary wall has been built along the wrong alignment.