Can your site be used to locate a Conveyancing solicitor in Lincoln even if I’m not purchasing or selling a house, for example if I wish to acquire a shop in Lincoln with a loan from Clydesdale?
Our search tool is predominantly used to get a quote from residential conveyancing solicitors in Lincoln but we have recorded at the bottom of this page a selection of Lincoln commercial conveyancing firms. You should enquire with the company directly to establish if they are also authorised to represent Clydesdale
We're in Lincoln, FTBs purchasing with a mortgage (lender is Barclays , and our lawyer is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial property in Lincoln?
Many commercial conveyancing solicitors in Lincoln will execute 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 Lincoln. 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 Lincoln.
For every commercial conveyancing transaction in Lincoln 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 can result in delays to Lincoln 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 Lincoln.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Lincoln. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Lincoln
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There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I am a negotiator for a reputable estate agent office in Lincoln where we have witnessed a few flat sales jeopardised as a result of short leases. I have received conflicting advice from local Lincoln conveyancing solicitors. Please can you shed some light as to whether the seller of a flat can commence the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Lincoln Conveyancing for Leasehold Flats - A selection of Questions you should ask before buying
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In the main the cost for major works are not included within maintenance charges, albeit that there some managing agents in Lincoln obliged leaseholders to contribute towards a sinking fund created for the specific purpose of building a fund for larger repairs or maintenance. The prefered form of lease structure is if the freehold reversion is in the ownership of the leaseholders. In this scenario the tenants enjoy control and although a managing agent is usually employed if it is larger than a house conversion, the managing agent employed by the leaseholders. The majority of Lincoln leasehold properties will be liable to pay a service charge for the upkeep of the block set by the management company. Should you buy the apartment you will have to meet this charge, usually in instalments accross the year. This could vary from two or three hundred pounds to thousands of pounds for buildings with lifts and large communal grounds. There will also be a rentcharge for you to pay annual, this is usually not a exorbitant sum, say approximately £25-£75 but you need to enquire it because sometimes it can be surprisingly expensive.
The estate agent has suggested using their lawyer for the conveyancing in Lincoln - Is it not simpler advisable to just instruct them?
It is worth checking if the estate agent is recommending a conveyancing practitioner or introducing to a lawyer. There are plenty of Lincoln estate agents who recommend two or three Lincoln conveyancing firms purely based on those lawyers offering a great service.