Do commercial conveyancing searches reveal planned roadworks that could affect a commercial property in Risca?

Its becoming the norm that commercial conveyancing solicitors in Risca will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Risca. 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 Risca.

For every commercial conveyancing transaction in Risca 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 can result in delays to Risca commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Risca.

How does conveyancing in Risca differ for new build properties?

Most buyers of new build or newly converted property in Risca come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because house builders in Risca tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Risca or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Risca is the location of the property. What do you suggest?

Flying freeholds in Risca are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Risca you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Risca may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

We're novice buyers - agreed a price, but the selling agent told us that the seller will only go ahead if we use their recommended lawyers as they are insisting on a ‘quick sale’. We would rather use a high street solicitor with experience of conveyancing in Risca

We suspect that the seller is not behind this ultimatum. If they desire ‘a quick sale', alienating a genuine buyer is not the way to achieve this. Speak to the vendors direct and explain that (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Risca conveyancing lawyers - as opposed tothose that will earn their negotiator at the agency a commission or hit his conveyancing figures demanded by corporate headquarters.

Planning to sign contracts shortly on a garden flat in Risca. Conveyancing solicitors inform me that they are sending me a report on Monday. What should I be looking out for?

The report on title for your leasehold conveyancing in Risca should include some of the following:

Whether your lease caters for for a sinking fund? Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? The physical extent of the demise. This will be the property itself but could also incorporate a roof space or storage are if relevant. You should be advised what counts as a Nuisance in the lease Setting out your rights in relation to common areas in the block.For example, does the lease grant a right of way over an accessway or hallways?

Leasehold Conveyancing in Risca - A selection of Queries Prior to Purchasing

The answer will be important as a) areas could cause problems for the block as the common areas may start to deteriorate if maintenance remain unpaid b) if the leasehold owners have a dispute with the running of the building you will want to know about it What prohibitions are contained in the Risca Lease? How long is the Lease?