Finally the sale completed on my house in Rothley last February yet the purchaser is texting every few hours to say her lawyer is waiting to hear from mysolicitor. What are the post completion sale formalities following completion?

Following your disposal your conveyancer should forward the transfer deeds and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer should also confirm that the mortgage has been repaid to the purchasers conveyancers. There are no post completion steps just for conveyancing in Rothley.

Will commercial conveyancing searches disclose impending roadworks that may affect a commercial premises in Rothley?

Its becoming the norm that commercial conveyancing solicitors in Rothley will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Rothley. The search result provides definitive data 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 Rothley.

For each commercial conveyancing transaction in Rothley it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Rothley commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Rothley.

How does conveyancing in Rothley differ for new build properties?

Most buyers of new build premises in Rothley come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Rothley typically buy the site, 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 property lawyers 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 Rothley or who has acted in the same development.

I have been on the look out for a ground for flat up to £195,000 and found one near me in Rothley I like with open areas and transport links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Rothley for this price, so just wondered if I would be making a mistake purchasing a short lease?

Should you require a mortgage the remaining unexpired lease term will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.

My business partner and I are intending to lease a unit on the high street. Can you recommend solicitors offering fixed charges for commercial conveyancing in Rothley for under £1,200?

We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Rothley, including the sale and purchase of businesses as well as simply premises. If you are hoping to acquire or lease a shop, pub, restaurant, office, retail premises or a whole business we can find you the right firm. Regarding the fees this will depend on the structure and nuances of the proposed transaction. Let us have your details or email us so that we may supply you with a detailed commercial conveyancing calculation.