Ludlow Engineering and Land Survey

Land Survey Coordination

Land is a very big asset for the owner and as any asset, it has to be calculated for its worth as well as its boundaries have to be determined to ensure that the owner’s rights to his property can be preserved. This is the aspect where the land survey comes in. Land survey as the name suggests is all about the calculation of the boundaries and the survey conducted to make sure that the quality and other aspects of the land remain intact.

Land survey coordination is a big aspect of any property deals or even in cases of inheritances. This is because the extent and the boundary of the property have to be carefully measured and then legalised for such deals and it can only be done with the help of carefully conducted surveys.

Ground survey is a profession that has a large scope because even the construction of maps depends upon the careful execution of the proper surveys. Land survey coordination can be conducted by any authorised surveyor but the bigger the extent of the project is; the bigger is the need for man power and tools for the surveys.

There are vast machinery and tools that have to be used to get decent land surveys and in some cases the extent of the land is so large that it is not possible for a single person to complete the project on their own.

In some cases like the government land surveys or surveys conducted by promoters to construct large buildings and society areas, the project of the survey coordination is leased or put on contracts and the tender for these contracts is made available to the different survey coordination agencies and these agencies are selected on the basis of their price quotes and their earlier experiences and track records.

However, if an individual wants to consider land survey coordination for their personal property and the extent of the holding or the property is large enough to warrant a survey, it is advisable that they do their research and gather all the information before they reach the consensus of deciding the perfect land survey coordinator for themselves.

They should make sure that they are clear about the reason for their conducting the survey. For instance sometimes they might be conducting the survey because they need the question of property or inheritance to be settled or sometimes there is a situation of buying or selling a fraction of the total property for which a proper mark up of the boundaries of the property has to be determined.

In fact it is not a good idea to buy or a sell a property without getting it surveyed by a land survey coordinator first.

Once the surveyor is decided upon, make sure that all the proper documents are made available to the surveyor for a proper documented survey. Again make sure that the communication between the owners and the surveyors is quite clear and they have a clear idea about the purpose and the objectivity of the survey.

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Land is a very big asset for the owner and as any asset, it has to be calculated for its worth as well as its boundaries have to be determined to ensure that the owners rights to his property can be preserved. This is the aspect where the land survey comes in. Land survey as the name suggests is all about the calculation of the boundaries and the survey conducted to make sure that the quality and other aspects of the land remain intact.

Land survey coordination is a big aspect of any property deals or even in cases of inheritances. This is because the extent and the boundary of the property have to be carefully measured and then legalised for such deals and it can only be done with the help of carefully conducted land surveys.

Land survey is a profession that has a large scope because even the construction of maps depends upon the careful execution of the proper land surveys. Land survey coordination can be conducted by any authorised land surveyor but the bigger the extent of the project is; the bigger is the need for man power and tools for the surveys.

There are vast machinery and tools that have to be used to get decent land surveys and in some cases the extent of the land is so large that it is not possible for a single person to complete the project on their own.

In some cases like the government land surveys or surveys conducted by promoters to construct large buildings and society areas, the project of the land survey coordination is leased or put on contracts and the tender for these contracts is made available to the different land survey coordination agencies and these agencies are selected on the basis of their price quotes and their earlier experiences and track records.

However, if an individual wants to consider land survey coordination for their personal property and the extent of the holding or the property is large enough to warrant a land survey, it is advisable that they do their research and gather all the information before they reach the consensus of deciding the perfect land survey coordinator for themselves.

They should make sure that they are clear about the reason for their conducting the survey. For instance sometimes they might be conducting the survey because they need the question of property or inheritance to be settled or sometimes there is a situation of buying or selling a fraction of the total property for which a proper mark up of the boundaries of the property has to be determined.

In fact it is not a good idea to buy or a sell a property without getting it surveyed by a land survey coordinator first.
Once the surveyor is decided upon, make sure that all the proper documents are made available to the surveyor for a proper documented survey. Again make sure that the communication between the owners and the surveyors is quite clear and they have a clear idea about the purpose and the objectivity of the survey.

About the Author:
If you would like to get more information on land survey, visit http://ludlowengineers.com/

The whole conveyancing process can feel like a minefield, a good Conveyancer will keep you regularly informed. They will let you know what documents are needed, some will need to be signed and returned before the next stage can commence. Prompt return of requested documents is vital; any delay can cause untold stress for all concerned, by delaying just one document the entire procedure could come to an abrupt stop.

A purchase contract will be obtained from the sellers solicitors; this contains details of ownership and the property itself. All pre-contract enquiries will be dealt with; office copies, guarantees, planning consent etc will be obtained. The Conveyancer will then obtain the sellers fixtures and fittings. This document will be given to you for checking. When the mortgage offer arrives, contracts will need to be signed, a deposit given, to be held by your Conveyancer until exchange.

When all Mortgage conditions have been met, and the sellers are ready to move ahead, a mutually agreed completion date is set. Contracts can now be exchanged and the transfer deed effected.
Your Conveyancer will then call down the mortgage advance from the lender and send you the final completion statement.

When the day of completion arrives your Conveyancer will pay the required amount to the sellers Solicitor to obtain the title deeds. This is when you are able to move into your new home!
Your name and mortgage will now be registered by your Conveyancer at H.M Land Registry. The deeds will then be sent to your lender to be held as security for their mortgage advance.

Nothing is legally binding before the exchange of contracts; there are no refunds for surveys, search fees and legal costs if the sale falls through.
Sellers and buyers are legally bound to complete on an agreed date between exchange of contracts and completion. On completion day sellers will move out, buyers move in, monies will be exchanged by your Conveyancer.

Legal fees
These are the fees to be paid by you to the Conveyancer/Solicitor for the actual conveyancing process. The amount charged is based on the Solicitors time, cost of legal registrations and disbursement costs. Like most professionals these fees can vary, although 1% of the purchase price is not unusual.

Included in the conveyancing costs are the following:

Local searches
Reveal any matters affecting the property. (A home information pack will be required on a property with three bedrooms or more, this includes a sale statement, searches and evidence of title)
Land Registry fees- transfer of ownership on the register from old to present owner.

Stamp Duty (if applicable)
This is what you pay to the Inland Revenue when you purchase a property worth more than 125.000. This is payable on Land, houses, flats and buildings.

Lenders arrangement fee
This is the fee for setting up your mortgage. This is charged for arranging a capped or fixed rate mortgage. This fee can be between 300-450.

Mortgage Brokers fee
This can vary, some charge a fixed fee, some a percentage of the mortgage arranged and others a fee for consultation. Most will charge 0.25-0.5%, you should never pay more than 1.5% of the mortgage. If the broker receives a fee from the lender, this must be disclosed to you.

Mortgage lenders valuation fee
Your lender will send a surveyor to value the property that you are purchasing, to ensure that it is worth the amount being paid. This is a fee that will be incurred by you; a few competitive lenders waive this fee.

Mortgage lenders legal fee
The solicitor that you are using needs to be on the lenders approved legal panel, if this is not the case your lender may appoint their solicitor. This will be at your cost, they can charge what they wish, so be careful.

Valuation Report
This will cost between 250-350+VAT. This does not impart enough information to base a purchase on; so many lenders will appoint their surveyor to carry out a Homebuyers Report. This will cost between 350-1000+VAT. This report will give a good indication of any defects (damp, subsidence, structural problems) and the approximate cost in rectifying these. At times, a thorough more detailed analysis is required. Carpets will be lifted, the roof examined, services tested. This may be required for an older, expensive property.

Building and contents insurance
A freehold property needs to have insurance in place from the moment of exchange.
Leasehold is different, as it is the landlords responsibility to ensure that the building is insured. This policy needs to be valid until the day the removal van moves you.
Shop around for you insurance, the best deals are rarely with your lender.

About the Author:
Article written by Lloyd Davies who is a qualified solicitor with over ten years experience and is the Legal Director of Convey Law, who are one of UKs leading specialists in revolutionary residential conveyancing.
Conveyancing guides