Do commercial conveyancing searches reveal planned roadworks that could affect a commercial estate in Stratford?
Many commercial conveyancing solicitors in Stratford will conduct a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Stratford. 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 Stratford.
For each commercial conveyancing transaction in Stratford 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 Stratford commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Stratford.
I got the keys to my home on 12 March and the transaction details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Stratford advises it would be formalised inside ten days. Are transfers in Stratford particularly slow to register?
As far as conveyancing in Stratford is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timeframes can adjust depending on who lodges the application, whether there are errors and if the Land registry need to notify any third persons or bodies. As of today approximately three quarters of submission are fully addressed in less than three weeks but occasionally there can be extensive hold-ups. Registration takes place once the new owner has moved in to the property therefore 'speed' is not usually an essential issue yet where it is urgent that the the registration takes place urgently then you or your solicitor should communicate with the Registry to express the reasoning for the application to be prioritised.
I'm buying my first flat in Stratford with a mortgage from Accord Mortgages Ltd. The sellers would not reduce the amount so I negotiated 6k of extras instead. The property agent told me not disclose to my solicitor about this side-deal as it would jeopardize my loan with the lender. Is this normal?.
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.
In my capacity as executor for the estate of my grandmother I am selling a property in Newport but reside in Stratford. My solicitor (who is 235 kilometers from merequires that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Stratford who can witness this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Stratford based
What are your top tips when it comes to appointing a Stratford conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Stratford conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Stratford conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
What are the charges for lease extension work?
Despite our best efforts, we have been unsuccessful in seeking a lease extension in Stratford. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We can put you in touch with a Stratford conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Stratford premises is 12 Nutfield Road in July 2014. the Tribunal judged that the price to be paid by the applicants for the freehold interest should be £19,572 This case affected 2 flats. The unexpired term as at the valuation date was 72.02 years.