I am in a contract race with another buyer for a property in Thrapston. What can I do to expedite the buying process?

In the event that the seller is applying pressure to complete it is advisable to make sure that your lawyer is familiar with the area as they will benefit local contacts and know-how. It is possible that they would have handled previoushomes in the same neighbourhood. You would be best advised to use a Thrapston conveyancing firm. Second, make sure that the lawyer is on the lender panel. It is said that nearly one in five of Thrapston conveyancing deals are held up or jeopardised after finding out that a buyer’s lawyer was not on their banks panel. This can often result in the legal transfer of property being held up by almost three weeks. It is said that this issue impacts approximately one hundred thousand home moves every year. Most Thrapston conveyancing practices can not represent certain lenders so do check as early as possible.

Should commercial conveyancing searches disclose planned roadworks that may impact a commercial land in Thrapston?

Its becoming the norm that commercial conveyancing solicitors in Thrapston will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Thrapston. 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 Thrapston.

For each commercial conveyancing transaction in Thrapston it is critical 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 Thrapston commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Thrapston.

Despite weeks of looking the Title Certificate and documents to my property are lost. The lawyers who did the conveyancing in Thrapston 5 years ago have long since closed. Will I be able to sell the house?

Nowadays there are copies made of almost everything, and your conveyancer should be aware exactly where to find all the suitable documentation so you can purchase or sell your property without any difficulty. Where copies are not available, your lawyer may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on the premises.

Is it best to choose a Thrapston conveyancing lawyer based in the location that I am buying? I have an old university friend who can carry out the conveyancing but her office is approximately 350kilometers drive away.

The primary upside of using a local Thrapston conveyancing practice is that you can visit the firm to execute documents, present your ID and pester them if necessary. They will also have local knowledge which is a benefit. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that must outweigh using an unknown Thrapston conveyancing lawyer just because they are round the corner.

I am on look out for some leasehold conveyancing in Thrapston. Before I get started I would like to find out the remaining lease term.

Assuming the lease is registered - and almost all are in Thrapston - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I acquired a 2 bed flat in Thrapston, conveyancing formalities finalised May 1998. How much will my lease extension cost? Corresponding flats in Thrapston with over 90 years remaining are worth £227,000. The ground rent is £50 per annum. The lease runs out on 21st October 2098

With just 72 years unexpired we estimate the premium for your lease extension to be between £9,500 and £11,000 as well as costs.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.