We had selected conveyancing lawyers based in Berwick Upon Tweed on the Aldermore solicitor approved list. They have just billed me a separate amount for dealing with the Aldermore mortgage. Is this an additional conveyancing fee specified by Aldermore?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your lawyer can charge a fee for this. The fee is not set by Aldermore but by your Berwick Upon Tweed solicitor. Some firms on the Aldermore panel will charge ’dealing with mortgage’ fee and others do not.
We are getting the release of further funds on our home loan from Coventry BS as we want to carry out improvements to our house in Berwick Upon Tweed. Are we obliged to choose a local Berwick Upon Tweed solicitor on the Coventry BS conveyancing panel to handle the legals?
Coventry BS do not ordinarily appoint firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS panel.
It is not clear whether my lender requires a lease extension. I have called my Berwick Upon Tweed building society branch on numerous occasions and was told they are content with the situation and they will lend. My Berwick Upon Tweed conveyancing solicitor - who is on the lender conveyancing panel- called and was told they will not lend based on their specific requirements. Who do I believe?
The conveyancing practitioner must comply with the CML Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
Do commercial conveyancing searches reveal proposed roadworks that could impact a commercial site in Berwick Upon Tweed?
Many commercial conveyancing solicitors in Berwick Upon Tweed will perform a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Berwick Upon Tweed. 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 Berwick Upon Tweed.
For each commercial conveyancing transaction in Berwick Upon Tweed 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 may cause delays to Berwick Upon Tweed commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Berwick Upon Tweed.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Berwick Upon Tweed?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Berwick Upon Tweed. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a flat up to £305k and identified one close by in Berwick Upon Tweed I like with amenity areas and transport links nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Berwick Upon Tweed suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
My business partner and I are hoping to take an assignment of a lease of an office on a shopping parade. Can you recommend conveyancers offering competitive charges for commercial conveyancing in Berwick Upon Tweed for below 2k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Berwick Upon Tweed, including the sale and purchase of businesses as well as simply property. If you are intending to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. Regarding the charges this will depend on the structure and terms of the deal. Let us have your details or email so as to enable us to provide you with a fixed commercial conveyancing quote.
Two months into buying a house in Berwick Upon Tweed. Conveyancing solicitor has called to say the property is "Leasehold". Will this likely adversely affect our Halifax valuation?
Berwick Upon Tweed conveyancing does not normally involve leasehold houses. The crucial factor here is the length of lease and the ground rent. If there are over a hundred years remaining with a nominal rent, it's essentially freehold, so it’s unlikely to affect the saleability too much.
At the other end of the spectrum, if it's, say, Sixty years it will have a material effect on the value, and probably wouldn't be acceptable to the lender. The remaining lease term and ground rent will be stated in the lease provided to your conveyancing practitioner.