Michael J. Wey & Co. Licensed Conveyancers

21/06/2024

Are you dreaming of that rural retreat? Read on to find out what to consider before making the move.

https://moveto.co.uk/features/tips-for-moving-to-the-countryside/

23/05/2024

Have you considered a Declaration of Trust? Here is a short article on why they can be a good idea, even if you have already bought your property. For more information contact us at www.mjwey.co.uk or 01483 426406

https://moveto.co.uk/features/declaration-of-trust-for-your-property-and-why-you-might-need-one/

Learn why a Declaration of Trust for your property is crucial when buying with others. Protect your investment and avoid disputes. Contact Rachael Kaluza for expert advice.

29/04/2024

"Proactive, friendly and effective", "competitive and highly knowledgeable", "incredibly efficient". These are just some of the lovely things clients have said about us over the past couple of weeks. Get in touch and find out how we can help your move go as smoothly as possible. Visit www.mjwey.co.uk or call us on 01483 426406

21/04/2024

Something a bit different today. Michael J. Wey & Co are the proud sponsors of Michael Tilney who competed today at an off road racing event in Bovington, Dorset. Despite plenty of dust, the enthusiastic support from the little ones (sound on!) spurred Michael on to be in the top six competitors before sadly having to retire early due to a mechanical problem. But it’s nothing that can’t be fixed and we’re looking forward to next time

09/01/2024

Focus On: Indemnity Policies

During your conveyancing transaction, your conveyancer may tell you that an indemnity policy should be taken out for either the property you are selling or the one you are buying. But what is an indemnity policy?

An indemnity policy is a protective policy which protects the owner of a property (and/or their mortgage lender) from potential legal issues affecting the property. You had a new boiler installed three years ago and the contractor forgot to give you a GasSafe Certificate? No problem, you can offer your buyer a Building Regulations indemnity policy. The person selling to you forgot that they weren’t meant to build another structure in their garden but constructed a beautiful home office during the one of the lockdowns? Don’t worry, they almost certainly won’t have to pull it down - they can simply give you a restrictive covenant indemnity policy at completion.

Indemnity policies are available for a wide range of legal issues which may crop up during the conveyancing transaction, from missing title documents to extensions without planning permission and can be seen as a ‘sticking plaster’ so that you can carry on selling/buying your house without the unnecessary delay and expense of actually fixing the problem.

It is important to understand that an indemnity policy does not remedy the issue (that boiler should still have had a GasSafe Certificate, the home office should still have had restrictive covenant consent), but it does mean that that you would be financially compensated for the loss of market value to the property or costs incurred should a third party take action against you and you need to make a claim. For example, if your new house was down a private road over which there was no legal right of access in your title documents, the owner of that private road could charge you for access to your property which could be several thousands of pounds. If you had taken out an absence of easement indemnity policy when you bought the property, then that policy should cover you for the costs involved in obtaining a legal right of way to your house.

Your conveyancer can obtain a policy online in a matter of minutes and can usually include the cost of the premium in the completion funds (typically a few hundred pounds) – it is unlikely you would need to make an upfront payment in order to get your transaction moving again.

14/11/2023

Focus On: Environmental Searches

When you’re buying a property, the environmental search is like a detective investigation that identifies possible environmental risks associated with the property and the surrounding area.

The search provider delves into historic and current records looking for clues about past land use, contamination, radon gas, flood risk, subsidence, and other environmental issues that may affect the property’s value, your enjoyment of it or even your mortgage lender's decision to offer a loan. Was the property built on the site of an old petrol station? Are there historic mining shafts nearby? Has the land ever flooded? If risks are revealed in the search result, don't panic - these can be investigated further with more specific searches.

Fortunately in the majority of cases, nothing serious crops up, but an environmental search result always makes interesting and informative reading, providing a wealth of additional local information such as the nearest mobile phone mast, local solar farms and disused railway lines.

We would always recommend an environmental search so please feel free to contact us for more details.

02/10/2021

After an extremely busy few months leading up to the end of the Stamp Duty holiday we finally got there! A huge well done and thank you to the team for all their hard work.

The market isn’t showing any signs of slowing down so if you are thinking of moving contact us for a quotation.

05/08/2019

Some beautiful flowers from a happy client

19/07/2019

https://www.estateagenttoday.co.uk/breaking-news/2019/7/shifting-stamp-duty-away-from-buyer-will-boost-market-says-top-agent

One of the country’s leading estate agents says shifting the burden of stamp duty away from the buyer - which is said to be under consideration by Boris Johnson - would be a major boost to the housing market after years of stagnation.