Should commercial conveyancing searches reveal proposed roadworks that may impact a commercial premises in Newcastle under Lyme?

Its becoming the norm that commercial conveyancing solicitors in Newcastle under Lyme will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Newcastle under Lyme. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Newcastle under Lyme.

For each commercial conveyancing transaction in Newcastle under Lyme it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Newcastle under Lyme commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Newcastle under Lyme.

How does conveyancing in Newcastle under Lyme differ for new build properties?

Most buyers of new build or newly converted property in Newcastle under Lyme come to us having been asked by the builder to sign contracts and commit to the purchase even before the property is constructed. This is because house builders in Newcastle under Lyme tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Newcastle under Lyme or who has acted in the same development.

Due to the advice of my in-laws I had a survey completed on a property in Newcastle under Lyme ahead of appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some banks tend refuse to grant a mortgage on this type of property.

It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Newcastle under Lyme. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Newcastle under Lyme to see if the conveyancing costs will increase in light of this.

I am selling my property. My past lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Newcastle under Lyme if that makes things easier.

You should use our search tool to help you choose a solicitor for your conveyancing in Newcastle under Lyme. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.

I am just shy of a 10% deposit on my apartment purchase in Newcastle under Lyme , but I am keen go ahead. Do I have options?

One option is to try and accept a lower deposit. Many vendors will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second