Will commercial conveyancing searches reveal impending roadworks that may affect a commercial property in Milnthorpe?

Many commercial conveyancing solicitors in Milnthorpe will perform a SiteSolutions Highways report as it reduces the time that conveyancers spend in researching accurate data on highways that impact buildings and development assets in Milnthorpe. The search result 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 Milnthorpe.

For every commercial conveyancing transaction in Milnthorpe it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Milnthorpe commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Milnthorpe.

Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who dealt with the conveyancing in Milnthorpe 4 years ago are no longer around. What do I do?

You no longer need to hold title original deeds to prove you own the land or premises, as the Land Registry hold details of all registered land or property electronically.

Due to the advice of my in-laws I had a survey completed on a property in Milnthorpe in advance of retaining lawyers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks may not grant a mortgage on a flying freehold property.

It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Milnthorpe. Conveyancing may be slightly more expensive based on your lender's requirements.

I've recently bought a leasehold house in Milnthorpe. Do I have any liability for service charges for periods before completion of my purchase?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I acquired a split level flat in Milnthorpe, conveyancing having been completed 9 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Milnthorpe with over 90 years remaining are worth £202,000. The average or mid-range amount of ground rent is £60 yearly. The lease ends on 21st October 2082

With only 57 years left to run we estimate the premium for your lease extension to span between £28,500 and £33,000 as well as legals.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.

Should local authority permission be necessary to convert a house into multiple flats in Milnthorpe? This has taken place to a house next door to a relative in Milnthorpe and was unaware of the conversion until it was finished.

Planning Permission yes. Building Reg Approval yes.