Do commercial conveyancing searches disclose proposed roadworks that could affect a commercial premises in Sawston?
Its becoming the norm that commercial conveyancing solicitors in Sawston will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Sawston. 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 Sawston.
For every commercial conveyancing transaction in Sawston it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Sawston commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Sawston.
I have recentlydiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Sawston for a purchase of a leasehold flat 10 months ago. How can I check that the property is registered correctly in the name of the former proprietor?
The easiest way to check 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 Sawston conveyancing specialists.
The estate agent has sent us the confirmation of our purchase of a new build flat in Sawston. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Sawston
-
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one close by in Sawston I like with a park and transport links nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Sawston suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the shortness of the lease will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
Is it simple use the search app to choose a conveyancing practitioner in Sawston on the approved list for my mortgage?
First pick a mortgage company such as National Westminster Bank, The Royal Bank of Scotland or Platform Home Loans Ltd then specify your preferred area for example Sawston. Conveyancing practices in Sawston and beyond should be identified.
The solicitors conducting our conveyancing in Sawston has sent papers to review that show the property is unregistered with epitome documents. Surely all property in Sawston are registered?
Almost 100% of property in Sawston is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Sawston conveyancing practitioners will be familiar with this type of conveyancing but where uncertainty prevails the conventional recommendation nowadays is for the current owners to register the title first and thereafter deal with the disposal - this will have a knock on effect to result in a protracted transaction.