I am need of leasehold conveyancing for an apartment in a relatively new development (five years old) in Lanchester. The vast majority the appartments are already sold. Is it strictly necessary to order local searches as part of conveyancing in Lanchester?
You would be opening yourself up to an unnecessary risk in failing carrying out Lanchester conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal necessity to have them, but we would absolutely advise in the strongest possible terms that your lawyer conducts them. Where accelerating the process and cost are primary issues you should consider with your conveyancer about the viability of search insurance
Are the Lanchester conveyancing solicitors identified as being on the TSB conveyancing panel, together with their details provided by TSB?
Lanchester conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
Will commercial conveyancing searches reveal impending roadworks that may affect a commercial property in Lanchester?
Its becoming the norm that commercial conveyancing solicitors in Lanchester will execute 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 Lanchester. The report provides 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 Lanchester.
For each commercial conveyancing transaction in Lanchester it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Lanchester commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for residential conveyancing in Lanchester.
How does conveyancing in Lanchester differ for new build properties?
Most buyers of new build premises in Lanchester contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Lanchester typically purchase 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 used to new build conveyancing in Lanchester or who has acted in the same development.
I have been pointed in your direction by a number of estate agents in Lanchester to choose a property lawyer on your site. What’s the financial inducement for Estate Agents to market your services over and above alternative conveyancing organisations?
We don’t make any commission for pointing buyers and sellers our way. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.