I am need of leasehold conveyancing for an apartment in a fairly new development (five years built) in Newbury. 95% of the properties are already disposed of. Is it really necessary to order conveyancing searches for my conveyancing in Newbury?
You are taking a significant risk in not carrying out Newbury 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 without a mortgage there is no legal requirement to have them, but we would seriously advise in the strongest possible terms that you have them. Where timings and driving down costs are primary issues you should discuss with your conveyancer about the possibility of search insurance
My wife and I are planning on selling our home in Newbury and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A high street Newbury conveyancer would know this is not the case. It does beg the question why the purchasers used an online conveyancing practice as opposed to a conveyancing solicitor in Newbury. We have lived in Newbury for three years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I am looking for a flat up to £195,000 and identified one near me in Newbury I like with amenity areas and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. I can't really find anything else in Newbury suitable, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage the remaining unexpired lease term may be problematic. Reduce the offer by the amount the 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 may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
What does commercial conveyancing in Newbury cover?
Non domestic conveyancing in Newbury incorporates a broad range of guidance, given by regulated solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Are all Newbury property lawyers on every lender conveyancing panel?
The Lexsure search tool on this page may be of use or you can pop into your local lender branch in Newbury. Chances are that they can recommend conveyancing solicitors in Newbury