Do commercial conveyancing searches reveal impending roadworks that may affect a commercial premises in Old Woking?
Its becoming the norm that commercial conveyancing solicitors in Old Woking will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in Old Woking. 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 Old Woking.
For every commercial conveyancing transaction in Old Woking it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Old Woking commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Old Woking.
The deeds to our house can not be found. The lawyers who dealt with the conveyancing in Old Woking 5 years ago have long since closed. What are my options?
You no longer need to hold title original deeds to evidence that you own the land or premises, given that the Land Registry hold details of all registered land or property electronically.
I am buying my first flat in Old Woking benefiting from help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not reveal to my lawyer about the deal as it will impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey done on a house in Old Woking in advance of retaining solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some lenders will refuse to give a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you contact us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Old Woking. Conveyancing may be slightly more expensive based on your lender's requirements.
My cousin has recommend that I use his conveyancers in Old Woking. Should I choose my own solicitor?
No doubt the best way to find a conveyancing practitioner is to have feedback from friends or family who have actually used the firm that you are contemplating using.
Our sealed bid on property in Old Woking has been agreed to, but there is a chain. The owners have submitted an offer on a property, but it’s not yet agreed to, and has viewings of other apartments in the pipeline. I have selected a local conveyancing lawyer in Old Woking. What do I do now? When do I get the mortgage application with Co-operative going with Co-operative?
It is usual to have anxieties where there is a chain given your reluctance to incur expenses prematurely (home loan application is in the region of £1k, then survey, Old Woking conveyancing search costs, etc). First, you should check that your solicitor is on the Co-operative approved list. Concerning the subsequent steps this very much dictated by the uniqueness of your transaction, desire for the property and on the state of the market. In a rising market some purchasers would apply for a home loan with Co-operative and arrange for the survey and only if it comes back ok would they ask their property lawyer to press on with the conveyancing in Old Woking.