Should commercial conveyancing searches reveal proposed roadworks that could impact a commercial site in Stow on the Wold?
Its becoming the norm that commercial conveyancing solicitors in Stow on the Wold will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Stow on the Wold. The report 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 Stow on the Wold.
For each commercial conveyancing transaction in Stow on the Wold 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 could cause delays to Stow on the Wold commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Stow on the Wold.
I have todayfound out that Wolstenholmes have been shut down. They carried out my conveyancing in Stow on the Wold for a purchase of a freehold house 18 months ago. How can I establish that the property is in my name in the name of the previous owner?
The quickest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stow on the Wold conveyancing specialists.
How does conveyancing in Stow on the Wold differ for new build properties?
Most buyers of new build premises in Stow on the Wold approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Stow on the Wold typically acquire the site, 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 accustomed to new build conveyancing in Stow on the Wold or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Stow on the Wold in advance of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some banks will refuse to grant a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to telephone us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stow on the Wold. Conveyancing will be smoother if you use a solicitor in Stow on the Wold especially if they are familiar with such properties in Stow on the Wold.
I only have 68 years remaining on my flat in Stow on the Wold. I am keen to get lease extension but my landlord is missing. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. You will be obliged to prove that you have used your best endeavours to track down the freeholder. On the whole an enquiry agent would be helpful to carry out a search and prepare a report which can be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a conveyancer both on investigating the landlord’s disappearance and the vesting order request to the County Court covering Stow on the Wold.
I inherited a basement flat in Stow on the Wold, conveyancing formalities finalised 7 years ago. How much will my lease extension cost? Corresponding properties in Stow on the Wold with an extended lease are worth £175,000. The ground rent is £65 charged once a year. The lease comes to an end on 21st October 2079
With only 58 years left to run we estimate the price of your lease extension to be between £23,800 and £27,400 plus costs.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
What are my options where I am dissatisfied with the property lawyer who conducted my conveyancing in Stow on the Wold?
We live in an imperfect world, and is is a fact of life that sometimes things do go wrong. That being said there is recourse where you were dissatisfied with your conveyancing in Stow on the Wold. This varies from trying to resolve matters directly with them, through to reporting a conveyancer to their regulator. If you remain dissatisfied you may consider enlisting the help of the Legal Ombudsman.