header-logo header-logo

Worth the risk?

22 February 2013 / Richard Hinton
Issue: 7549 / Categories: Features , Property , Housing
printer mail-detail

Richard Hinton recommends orchestrating your due diligence

The best conveyancers and property lawyers need to be much like the best conductors. Understanding the risks associated with property transactions in their region and advising buyers on the potential for these risks enables them to provide effective and efficient due-diligence. Both conductors and conveyancers also need to have impeccable timing. If it isn’t conveyancers face the jarring consequences of buyers missing key information and the potential fallout of negligence claims.

For many conveyancers, direct experience of dealing with all the risks that could impact properties in their region may not be in their repertoire, but this should not stop them from being able to provide a thorough service to buyers though. Getting to grips with the risks in your region is essential. For example, one in four properties in the UK is at risk of flooding, but the prevailing myth is that the biggest risk of flooding comes from rivers breaking their banks.

However, surface water flooding only accounts for around half of all flood

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

DWF—Jenny Leonard

DWF—Jenny Leonard

Former Metropolitan Police director joins police, care and justice team

Charles Russell Speechlys—Ed Morgan

Charles Russell Speechlys—Ed Morgan

Corporate real estate and funds expertise expands with partner hire

Hill Dickinson—Helen Foley, Charlotte Fallon & Gary Parnell

Hill Dickinson—Helen Foley, Charlotte Fallon & Gary Parnell

Firm grows London business services team with trio of partner hires

NEWS
AlphaBiolabs has made a £500 donation to Sean’s Place, a men’s mental health charity based in Sefton, as part of its ongoing Giving Back initiative
Human rights lawyers, social justice champion, co-founder of the law firm Bindmans, and NLJ columnist Sir Geoffrey Bindman KC has died at the age of 92 years
The government’s plan to introduce a Single Professional Services Supervisor could erode vital legal-sector expertise, warns Mark Evans, president of the Law Society of England and Wales, in NLJ this week
Writing in NLJ this week, Jonathan Fisher KC of Red Lion Chambers argues that the ‘failure to prevent’ model of corporate criminal responsibility—covering bribery, tax evasion, and fraud—should be embraced, not resisted
Professor Graham Zellick KC argues in NLJ this week that, despite Buckingham Palace’s statement stripping Andrew Mountbatten Windsor of his styles, titles and honours, he remains legally a duke
back-to-top-scroll