Four Real Risks That Could Stall Your Next Transaction

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The paperwork is done. The deadlines are tight. Everything is on track for a smooth completion. But then, a piece of the search data doesn’t quite fit.

Maybe it’s a conflicting record, a missing detail, or a late-stage query from a third party. This moment of doubt is familiar to every conveyancer; the ripple of uncertainty that can quickly become a full-blown wave of delay, client frustration, and unexpected risk.

This blog uncovers four of the real risks that lurk in the details of property transactions, and how to spot them before they stall your next case.

The Architectural Blunder

Imagine a client purchasing a multimillion-pound property in an affluent London borough, with grand plans to repurpose the interior into their dream home. They assume planning permission will be a formality, only to discover a critical restriction post-purchase. Feeling powerless and bitter, the homeowner makes a defiant gesture by painting the façade in a dramatic colour scheme. This move immediately ran afoul of even more local regulations, as the property was in a conservation area, meaning strict rules governed its exterior appearance. The homeowner was legally compelled to repaint the house to its original visage, a costly obligation for which they were entirely unprepared.

The OneSearch Solution: This example highlights a critical pitfall: a lack of awareness about local planning and conservation rules. Without a comprehensive search, a buyer can inherit costly obligations. Our detailed reports bring these vital details to light before purchase, ensuring buyers understand a property’s true limitations and avoid unexpected financial burdens and disappointment.

The Unforeseen Public Right of Way

In a move to make everyone envious, a wealthy couple purchased a vast country estate with roaming fields for garden space, only to discover an unexpected feature: legally protected public rights of way crisscrossing their land. Despite their desire for privacy and claims that these paths infringed on their human rights, the ancient rights of public access in England and Wales legally superseded their personal desires. People continued to walk through parts of their private estate, turning a dream of seclusion into a persistent privacy issue.

The OneSearch Solution: This story illustrates a common issue for many property buyers. Countryside rights of way are heavily protected and can significantly impact the enjoyment and use of a property. Without proper searches, a buyer might unknowingly acquire land with legally protected footpaths, leading to unexpected conflicts. Our property searches uncover these crucial details, ensuring buyers are fully aware of all access rights tied to their new home and the acres of land that it comes with.

The Chancel Repair Liability

For many, buying a home near a beautiful old church seems idyllic. However, an archaic and often surprising law known as Chancel Repair Liability can turn this dream into a financial nightmare. Dating back centuries, this obscure law can burden property owners with the financial responsibility for repairing the chancel (the area around the altar) of a local church. This liability is tied to the land’s history, not the current owner’s religious beliefs. There are real cases where unsuspecting homeowners have faced demands for hundreds of thousands of pounds for church roof repairs; a devastating blow that can come completely out of the blue, years after purchasing a property.

The OneSearch Solution: This unfortunate example underscores the vital importance of understanding all potential liabilities tied to a property. Our selection of indemnity add-ons includes chancel insurance, safeguarding buyers from this potential and incredibly costly hidden obligation, ensuring their peace of mind long after moving in.

The Hidden Flood Risk

A retiring couple, envisioning a peaceful new life in a downsized property, moved into a house only to discover a shocking secret: an abutting pond regularly overflowed into the back garden. The previous owners had failed to disclose this critical issue, leaving the new homeowners with a persistent and damaging problem they were entirely unprepared for. This unfortunate example underscores the vital importance of understanding environmental risks associated with a property.

The OneSearch Solution: Flooding is just one of many potential environmental hazards that can impact a home’s value, insurability, and liveability. Without thorough environmental searches, buyers might unknowingly purchase properties in high-risk areas. Our comprehensive environmental reports access vast datasets and expert analysis to inform buyers of potential risks, enabling them to make truly informed decisions and avoid such distressing surprises.

Every Piece in Place. Every Transaction Secure.

These four illustrations demonstrate a crucial truth for conveyancers and buyers: our homes are seldom straightforward. Furthermore, the data attached with them needs to be as accurate and as authentic as it can possibly be. In a market filled with nuanced risks and unexpected pitfalls, only a meticulous, comprehensive approach to data can truly safeguard your clients and your firm from hidden liabilities.

At OneSearch, this meticulous approach is not a feature; it’s the anchor of what we do. Our uncompromising quality and expert problem-solvers are dedicated to ensuring your conveyancing transactions are built on a bedrock of certainty. We are specialists in finding the hidden risks, correcting the inconsistencies, and giving you the peace of mind to advise your clients with unwavering confidence.

Don’t let your next transaction be stalled by the unexpected.