We are buying our first property. Our conveyancing practitioner has e-mailedto check if we would like to order supplemental conveyancing searches. We are really unsure what's relevant for conveyancing in Cambridge
The extent of Cambridge conveyancing searches should be triggered based entirely on the premises, the location, the possibility of any of these risks, your familiarity of the area and risks, your general approach to risk. What matters is that you adequately comprehend what information each search could give you. Then you can make a decision if you consider that you need that information. Where you are uncertain, ask your solicitor to advise.
A colleague pointed out to me me that in purchasing a property in Cambridge there may be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of a number of properties in Cambridge which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Cambridge should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all Cambridge solicitors on the Principality conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Principality conveyancing panel they would need to be overseen by the SRA. Some banks do list licenced conveyancers on their panel and in such a situation the practice would be overseen by the Council of Licensed Conveyancers.
We previously chose solicitors based in Cambridge on the UBS solicitor panel. They are now charging me a further fee for dealing with the UBS mortgage. Is this an additional conveyancing fee set by UBS?
Provided it is contained in their Terms of Engagement or Quote then yes your conveyancer can levy a fee for this. The fee is not set by UBS but by your Cambridge property lawyer. Some firms on the UBS panel will charge an ‘acting for lender’ fee but many firms include it on their overall fee.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial property in Cambridge?
Many commercial conveyancing solicitors in Cambridge 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 Cambridge. 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 Cambridge.
For each commercial conveyancing transaction in Cambridge 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 can cause delays to Cambridge commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Cambridge.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Cambridge is where the house is located. Can you offer any advice?
Flying freeholds in Cambridge are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cambridge you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cambridge may determine 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.
My business partner and I are hoping to take an assignment of a lease of an office on a shopping parade. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Cambridge for below 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Cambridge, including the disposal and purchase of businesses as well as simply property. Whether you are hoping to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right firm. Regarding the costs these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or telephone us so that we may furnish you with comprehensive commercial conveyancing quote.
At long last our conveyancing in Cambridge is completing on Friday, but the vendors I am buying off has asked to vacate on the Saturday midday. Should I agree to such a plan?
In situations where you require a loan then your solicitor will require that the premises arevacant on Friday - the lender will insist on it.