Will commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Margam?

Its becoming the norm that commercial conveyancing solicitors in Margam will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Margam. 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 Margam.

For each commercial conveyancing transaction in Margam 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 can cause delays to Margam commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Margam.

three months have elapsed following my purchase conveyancing in Margam completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 property 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 am looking for a flat up to £245,000 and found one near me in Margam I like with amenity areas and railway links nearby, however it's only got 51 years unexpired on the lease. There is not much else in Margam in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?

If you require a home loan the remaining unexpired lease term may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.

What advice can you give us when it comes to choosing a Margam conveyancing practice to carry out our lease extension conveyancing?

When appointing a solicitor for your lease extension (regardless if they are a Margam conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non Margam conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:

How familiar is the firm with lease extension legislation? Can they put you in touch with clients in Margam who can give a testimonial?

Margam Leasehold Conveyancing - Sample of Queries Prior to Purchasing

What is the the remaining lease term? How is the lease structured? It would be prudent to investigate if there is anything that is prohibited in the lease. By way of example plenty of leases prohibit pets being allowed in certain buildings in Margam. If you like the flatin Margam however your dog is not allowed to live with you then you will be faced difficult choice.

Please set examples of specific advantages to choosing a local lawyer in Margam

Many buyers and sellers in Margam prefer a local solicitor so that they can visit in the event that they have concerns, and to execute mortgage deeds without using the post.

One could suggest that there is a marginal edge when opting for a lawyer nearby to a property you are hoping to purchase, due to the knowledge of the locality and potential local issues - yet this is moot. Most conveyancers are now online and could be anywhere in the world.