Property searches – why do they matter?
A common question from homebuyers is: Do I really need to carry out property searches? The answer depends on how you’re buying—but our advice is always yes.
If you’re purchasing with a mortgage, searches must be undertaken. Lenders require them to assess risks and protect their investment. For cash buyers, there’s no legal obligation to carry out searches, but not having them could be a costly mistake.
Property is usually the biggest investment a person will make, and for a relatively small cost, the searches can uncover potential issues that might otherwise cost thousands to fix. Under the legal principle of caveat emptor—buyer beware—the responsibility is on the purchaser to investigate the property before buying.
What are property searches?
Property searches are checks carried out to reveal information about the property and surrounding area. The three main searches are:
1. Local Authority Search
This search checks the property’s planning history, building regulations, and whether the local council maintains the road abutting the property. It also helps ensure that any works done to the property were properly approved. This search will also reveal restrictions or obligations affecting the property such as conservation area restrictions and tree preservation orders.
2. Water and Drainage Search
This search reveals whether the property is connected to mains water and drainage and provides information on who is responsible for the maintenance and upkeep of the sewers. It also shows whether any sewers cross the property, which can restrict development.
3. Environmental Search
This search identifies risks such as contaminated land, flood zones, radon gas and coal mining activity, all of which could affect property value and any future resale.
The property searches will provide peace of mind and help you understand what you are buying before you commit to your purchase.
If you are looking for a property solicitor to assist you in your sale or purchase, then please call us on 01267 237441 or email us at mail@utk.co.uk to have a chat with one of our expert property solicitors.
