Can you clarify what the consequences are if my solicitor is suspended from the Coventry BS Conveyancing panel ahead of completing my conveyancing in Otley?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Should commercial conveyancing searches reveal proposed roadworks that could impact a commercial property in Otley?
Its becoming the norm that commercial conveyancing solicitors in Otley will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Otley. The report 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 Otley.
For every commercial conveyancing transaction in Otley 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 may cause delays to Otley commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Otley.
Are there restrictive covenants that are commonly picked up during conveyancing in Otley?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Otley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a leasehold apartment up to £245,000 and found one near me in Otley I like with amenity areas and railway links in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Otley suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I am looking for a conveyancing solicitor in Otley for my purchase. Can I review a firm’s record with the profession’s regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) decisions arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA may monitor telephone calls for training requirements.
My partner and I plan to acquire our first home in Otley. Conveyancing lawyer has been selected. The broker advised that a survey is not appropriate as the property is just 17 years old.
At the very least you should have a Home Buyer's Report. As the premises was built over a decade ago the property will not come with a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report could be sufficient. The report should highlight any apparent issues and suggest further investigation where appropriate. If there are any indications of material issues obtain a comprehensive structural survey.