Me and my partner are about to exchange on the purchase of a property in Caistor but as a result of wreckage from some water damage at the property I have was able negotiate compensation from the owner in the sum of £3k taking the form of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process however Clydesdale will not agree to this. Should they have been involved?
Your conveyancing practitioner being on the Clydesdale conveyancing panel is obliged to advise Clydesdale of any changes to the purchase price. If you prohibit your conveyancing practitioner to notify the reduction to Clydesdale then they would have to discontinue acting for you. In addition, Clydesdale and you would have to appoint a new solicitor for your conveyancing in Caistor.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial land in Caistor?
Its becoming the norm that commercial conveyancing solicitors in Caistor will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Caistor. The report 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 Caistor.
For every commercial conveyancing transaction in Caistor it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Caistor commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Caistor.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Caistor?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Caistor. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £195,000 and identified one close by in Caistor I like with a park and railway links nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Caistor suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the shortness of the lease will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I have recently had an offer accepted on an apartment in Caistor and the mortgage adviser that we are using recommended his conveyancing practitioner. He quoted a thousand pounds including VAT and 3rd party costs. Does this sound like a good deal?
You should not rely on one estimate. You should seek like-for-like quotes for your conveyancing in Caistor. Then choose one that you trust and just as important, is on the approved list of the bank that you have applied for a mortgage from.