Will commercial conveyancing searches reveal impending roadworks that could affect a commercial estate in Croesyceiliog?
Many commercial conveyancing solicitors in Croesyceiliog will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Croesyceiliog. The report 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 Croesyceiliog.
For every commercial conveyancing transaction in Croesyceiliog 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 may result in delays to Croesyceiliog commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Croesyceiliog.
It has been four months since my purchase conveyancing in Croesyceiliog completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying my first flat in Croesyceiliog with a loan from Britannia. The builders refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The property agent advised me not reveal to my solicitor about the side-deal as it could put at risk my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey carried out on a house in Croesyceiliog in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may not give a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Croesyceiliog. Conveyancing may be slightly more expensive based on your lender's requirements.
In what way can the Landlord & Tenant Act 1954 affect my commercial premises in Croesyceiliog and how can your lawyers assist?
The 1954 Act provides protection to commercial leaseholders, giving them the a statutory right to make a request to court for a renewal tenancy and continue in occupation when the lease reaches an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Croesyceiliog