What is a Local Search?
A Local Search is a vital part of the conveyancing process for almost any property transaction, commercial or residential.
If you are borrowing money to fund your purchase, mortgage lenders often insist that you obtain a local search.
Your conveyancer will liaise with the local authority who will carry out the search on your behalf. The search will reveal specific information about the property and the area surrounding it.
What will it tell me?
When you are buying a property, a Local Search can reveal whether the property you are interested in is suitable for purchase, and ensure there are no nasty surprises waiting for you when you move in.
A Local Search can raise a number of issues including:
- Planned new roads
- Future building developments
- Changes to road layouts
- Railway schemes
- Conservation areas
- Contaminated land
- Any enforcement action
Why do I need one?
The main aim of a Local Search is to reveal crucial information about a property and it’s surrounding area that may not have been immediately obvious during the initial viewing. It is essentially designed to protect you from any nasty surprises that could have a negative impact on your use of the property or it’s future value.
This enables you to make an informed decision on the current state of the property, and guide you on whether to make an offer or not.
The cost of a Local Search will depend on the location of the property and the search agency being used – each local authority will be different.
We would not advise going ahead with a property transaction without a Local Search.
If you are thinking about buying a property or have any questions about a certain type of search then please contact a member of our professional, friendly team.