Should commercial conveyancing searches disclose proposed roadworks that could affect a commercial land in Anstey?

Many commercial conveyancing solicitors in Anstey will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Anstey. The search result sets out 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 Anstey.

For every commercial conveyancing transaction in Anstey it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could result in delays to Anstey commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Anstey.

Due to the encouragement of my in-laws I had a survey completed on a property in Anstey ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies tend not grant a loan on such a premises.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can check with 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 Anstey. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Anstey to see if the conveyancing will be more expensive.

What does commercial conveyancing in Anstey cover?

Commercial conveyancing in Anstey incorporates a broad array of services, provided by qualified solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

I am attracted to a two apartments in Anstey both have approximately 50 years left on the lease term. Will this present a problem?

There are plenty of short leases in Anstey. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the marketability of the lease decreases and results in it becoming more costly to acquire a lease extension. This is why it is advisable to increase the term of the lease. More often than not it is difficult to sell a property with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field.

I inherited a ground floor flat in Anstey, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Anstey with an extended lease are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2096

You have 71 years left to run we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as professional fees.

The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.

Is planning consent required to split a house into multiple appartments in Anstey? This has occurred to a property opposite to a relative in Anstey and was ignorant of it happening until it was done.

Planning consent is required for splitting a single house in Anstey into apartments but possibly not for reverting back to single dwelling-house so, simply put, yes,a it is required.