Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial property in Leconfield?
Many commercial conveyancing solicitors in Leconfield will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Leconfield. The report provides 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 Leconfield.
For every commercial conveyancing transaction in Leconfield 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 can result in delays to Leconfield commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Leconfield.
The deeds to our home are lost. The lawyers who handled the conveyancing in Leconfield 10 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to have the physical original deeds to evidence that you are the owner of your registered land or premises, given that the Land Registry have everything they need in a digital format.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Leconfield. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Leconfield
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in Leconfield I like with amenity areas and railway links nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Leconfield for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a mortgage that many years will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
After what seems like an age I have had an offer on an maisonette in Leconfield accepted, but there is a chain. The current proprietors have offered on somewhere, although it’s not been accepted yet, and has viewings of other properties booked. I have instructed a local conveyancing lawyer in Leconfield. What should be my next step? When do I get the mortgage application with Co-operative going with Co-operative?
It is standard to have concerns where there is an associated chain given your reluctance to be too out of pocket prematurely (mortgage application is approx £1k, then survey, Leconfield conveyancing search charges, etc). The first course of action is to check that your lawyer is on the Co-operative approved list. As to the subsequent stages this very much depends on the circumstances of your case, desire for the property and on the state of the market. During a buoyant market the majority of home buyers would apply for the mortgage with Co-operative and pay for the survey and only if it was satisfactory would they pay their solicitor to move forward with searches.