Will commercial conveyancing searches disclose planned roadworks that could impact a commercial land in Peterborough?
Many commercial conveyancing solicitors in Peterborough will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Peterborough. The search result provides 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 Peterborough.
For every commercial conveyancing transaction in Peterborough it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could result in delays to Peterborough commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Peterborough.
3 months have gone by following my purchase conveyancing in Peterborough took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been pointed in your direction by numerous property agents in Peterborough to select a conveyancer using your seach tool. Is there a financial upside for Estate Agents to promote your services over another?
We don’t give any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are novice buyers - agreed a price, but the selling agent told us that the seller will only proceed if we instruct their recommended lawyers as they need a ‘quick sale’. Our preferred option is to instruct a local solicitor with experience of conveyancing in Peterborough
We suspect that the owner is unaware of this request. If they require ‘a quick sale', turning down a motivated purchaser is not the way to achieve this. Try to communicate with the owners directly and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you intend to use your preferred Peterborough conveyancing solicitors - as opposed tothose that will earn their negotiator at the agency a referral fee or hit his conveyancing thresholds set by head office.
I am hoping to complete next month on a basement flat in Peterborough. Conveyancing solicitors have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Peterborough should include some of the following:
What options are open to you if a neighbour is in violation of a provision in their lease? Does the lease prevent you from renting out the property, or working from home You should know whether the lease allows you to change or upgrade aspects of the flat- you should know whether any restrictions applies to all alterations or just structural alteration, and whether permission is mandated necessary You must be informed what constitutes a Nuisance in the lease The length of the lease term. You should receive guidance as what happens when the lease expires, and informed of the importance of not letting the lease term falling below eighty years
I inherited a ground floor flat in Peterborough, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Peterborough with an extended lease are worth £179,000. The ground rent is £65 invoiced annually. The lease ends on 21st October 2077
With just 57 years remaining on your lease we estimate the premium for your lease extension to range between £26,600 and £30,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt 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.
The solicitors conducting our conveyancing in Peterborough has forwarded papers to review that show the land is unregistered with epitome documents. Surely all property in Peterborough should be registered?
The majority of property in Peterborough is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Many Peterborough conveyancing lawyers will be familiar with such matters but if any uncertainty exists the prevailing advice nowadays is for the seller to register the title first and subsequently deal with the transfer to the buyer - this can though naturally cause a significant delay.