Do commercial conveyancing searches reveal proposed roadworks that may impact a commercial site in Cotswolds?

Many commercial conveyancing solicitors in Cotswolds will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Cotswolds. 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 Cotswolds.

For every commercial conveyancing transaction in Cotswolds 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 may result in delays to Cotswolds commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Cotswolds.

How does conveyancing in Cotswolds differ for new build properties?

Most buyers of new build premises in Cotswolds contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Cotswolds usually buy 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 conveyancers 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 accustomed to new build conveyancing in Cotswolds or who has acted in the same development.

I have been on the look out for a leasehold apartment up to £195,000 and found one close by in Cotswolds I like with open areas and transport links nearby, however it's only got 49 years unexpired on the lease. There is not much else in Cotswolds suitable, so just wondered if I would be making a mistake buying a short lease?

Should you need a mortgage that many years will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.

As co-executor for the estate of my grandfather I am disposing of a property in Neath but I am based in Cotswolds. My lawyer (who is 200 miles awayhas requested that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing solicitor in Cotswolds to attest this legal document for me?

strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Cotswolds based

I am hoping to sign contracts shortly on a studio apartment in Cotswolds. Conveyancing solicitors inform me that they are sending me a report on Monday. What should I be looking out for?

Your report on title for your leasehold conveyancing in Cotswolds should include some of the following:

Who has the liability for repairing the window frames Who has the liability to repair and maintain the building. It is essential for you to know which party is liable for the repair and maintenance of all parts of the block and estate You need to be told what counts as a Nuisance as far as the lease is concerned How long the lease is. You should receive guidance as what happens when the lease ends, and informed of the importance of not letting the lease term falling below eighty years

Cotswolds Conveyancing for Leasehold Flats - Examples of Queries Prior to Purchasing

How much is the ground rent and service charge? Plenty Cotswolds leasehold flats will have a service charge for the upkeep of the building levied on behalf of the management company. Where you acquire the apartment you will have to pay this amount, usually periodically during the year. This could differ from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent to be met yearly, this is usually not a exorbitant amount, say approximately £50-£100 but you should to check as occasionally it can be surprisingly expensive.