We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to instruct a local conveyancing solicitor in Duston?
You should check but the chances are that allocate you one of their panel conveyancers if you take up the "fee-free" deal. Speak to the lender and see if they make available a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near Duston.
Do commercial conveyancing searches reveal proposed roadworks that could impact a commercial land in Duston?
Its becoming the norm that commercial conveyancing solicitors in Duston will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Duston. 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 Duston.
For each commercial conveyancing transaction in Duston 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 could result in delays to Duston commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Duston.
Are there restrictive covenants that are commonly identified during conveyancing in Duston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Duston. 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…’
My business partner and I are looking to take an assignment of a lease of an office on a shopping parade. Can you recommend conveyancers offering fixed costs for non-domestic conveyancing in Duston for below £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Duston, including the sale and acquisition of businesses as well as simply property. If you are hoping to acquire or sell a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right solicitor. As for the costs this will depend on the structure and nuances of the proposed transaction. Please provide us with your details or telephone so as to enable us to supply you with comprehensive commercial conveyancing calculation.
Estate agents have just been given the go-ahead to market my ground floor flat in Duston. Conveyancing is yet to be initiated, however I have recently had a quarterly service charge invoice – should I leave it to the buyer to sort out?
It best that you clear the maintenance contribution as usual given that all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I own a ground floor flat in Duston, conveyancing was carried out 10 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Duston with a long lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2098
With only 79 years remaining on your lease we estimate the premium for your lease extension to be between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.