Do commercial conveyancing searches reveal planned roadworks that could affect a commercial premises in Gwaelod Y Garth?
Its becoming the norm that commercial conveyancing solicitors in Gwaelod Y Garth will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Gwaelod Y Garth. The search result 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 Gwaelod Y Garth.
For every commercial conveyancing transaction in Gwaelod Y Garth 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 could result in delays to Gwaelod Y Garth commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Gwaelod Y Garth.
2 months have gone by since my purchase conveyancing in Gwaelod Y Garth completed. I have checked the Land Registry site which shows that I paid £175,000 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 asset 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.
How does conveyancing in Gwaelod Y Garth differ for new build properties?
Most buyers of new build premises in Gwaelod Y Garth come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because house builders in Gwaelod Y Garth tend to 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 property lawyers 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 Gwaelod Y Garth or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one round the corner in Gwaelod Y Garth I like with a park and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Gwaelod Y Garth for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage that many years will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I have been sourcing a conveyancing lawyer in Gwaelod Y Garth for my home move. Can I see a firm’s record with the profession’s regulator?
Anyone can see presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Visit Check a solicitor's record. To find records Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes monitor call for training requirements.