What is a Regulated Search?
A regulated property search typically refers to a search that is conducted by a regulated professional, such as a solicitor or conveyancer, as part of the process of buying or selling a property.
The search involves examining a variety of public records and databases to obtain information about the property and its surrounding area. The purpose of the search is to identify any legal or practical issues that might affect the property, such as planning restrictions, environmental hazards, or rights of way.
The specific types of searches that are required can vary depending on the location and nature of the property. However, common searches include local authority searches, environmental searches, drainage and water searches, and chancel repair searches.
Regulated property searches are important because they help ensure that both the buyer and seller have a clear understanding of any potential issues with the property. This can help to prevent disputes and legal problems down the line, and ensure that the transaction proceeds smoothly.