I require conveyancing for an apartment in a fairly new development (five years built) in Braintree. 95% of the properties have already been disposed of. Is it really necessary to order local searches as part of conveyancing in Braintree?
You are opening yourself up to an unnecessary risk in failing carrying out Braintree 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 mortgage free there is no legal necessity to have them, but we would strongly advise in the strongest possible terms that you have them. Where speed and price are primary issues you should consider with your solicitor about the option of search insurance
When does exchange of contracts happen for sale conveyancing in Braintree and do I need to attend the conveyancers office?
If you are local to our conveyancing solicitors in Braintree you are welcome to come in to sign contracts. That being said, the lender approved solicitors we recommend offer countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when dealing with you digitally. The executing of the purchase agreement is not the important part. A signed contract is necessary for the solicitor to exchange contracts when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Braintree)to be in the office at the appropriate time.
Should commercial conveyancing searches reveal impending roadworks that may affect a commercial site in Braintree?
Many commercial conveyancing solicitors in Braintree will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Braintree. The search result sets out definitive data 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 Braintree.
For every commercial conveyancing transaction in Braintree it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Braintree commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Braintree.
How does conveyancing in Braintree differ for new build properties?
Most buyers of new build premises in Braintree come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is completed. This is because developers in Braintree tend to purchase the land, 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 conveyancing solicitors 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 used to new build conveyancing in Braintree or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Braintree is the location of the property. Can you shed any light on this issue?
Flying freeholds in Braintree are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Braintree you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Braintree may decide 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 residence.
What does commercial conveyancing in Braintree cover?
Braintree conveyancing for business premises incorporates a broad range of guidance, offered by qualified solicitors, relating to business property. By way of example, this type 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 mortgages and the termination of leases.