Should commercial conveyancing searches disclose planned roadworks that may affect a commercial property in Morden?
Its becoming the norm that commercial conveyancing solicitors in Morden will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Morden. 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 Morden.
For every commercial conveyancing transaction in Morden it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Morden commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Morden.
The deeds to my home can not be found. The solicitors who did the conveyancing in Morden 10 years ago are no longer around. What do I do?
You no longer need to have the physical original deeds to prove you own the land or property, as the Land Registry hold details of all registered land or property electronically.
I'm buying a new build house in Morden with a mortgage from Bank of Scotland. The developers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not inform my lawyer about the deal as it could adversely affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a flat up to £305k and identified one close by in Morden I like with a park and station nearby, however it only has 49 years on the lease. I can't really find anything else in Morden in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a home loan the shortness of the lease may be an issue. Reduce 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 may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
We have been told by many family members that it can take six to eight weeks for Morden conveyancing to complete.This was a month ago. The paperwork was only sent from the vendors property lawyer yesterday so does the time start running now?
There is no categorical time frame for conveyancing in Morden. Conveyancing is subject to too much unpredictabilities. Morden conveyancing searches alone could take up to month before they are received.