Do commercial conveyancing searches disclose impending roadworks that may impact a commercial property in Hampstead?
Many commercial conveyancing solicitors in Hampstead will perform 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 Hampstead. 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 Hampstead.
For each commercial conveyancing transaction in Hampstead it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Hampstead commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Hampstead.
How does conveyancing in Hampstead differ for new build properties?
Most buyers of new build property in Hampstead come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is built. This is because builders in Hampstead tend to purchase 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 property lawyers 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 Hampstead or who has acted in the same development.
I am looking for a leasehold apartment up to £245,000 and identified one round the corner in Hampstead I like with a park and station nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Hampstead suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
What does commercial conveyancing in Hampstead cover?
Hampstead conveyancing for business premises incorporates a wide range of advice, given 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 commonly, 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 tenancies.
We're first time buyers - had an offer accepted, yet the selling agent informed us that the vendor will only proceed if we instruct the agent's chosen lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a family solicitor accustomed to conveyancing in Hampstead
We suspect that the seller is unaware of this ultimatum. Should the owner desire ‘a quick sale', turning down a motivated purchaser is going to damage their objectives. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)however you will continue to use your preferred Hampstead conveyancing firm - rather thanthe ones that will give the estate agent a introducer fee or meet his conveyancing thresholds set by head office.
I note that you have a post code search directory listing law firms on the mortgage company conveyancing panel. Do Hampstead conveyancing firms pay you a referral fee if I instruct them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Hampstead.