Do commercial conveyancing searches reveal planned roadworks that could impact a commercial premises in Sittingbourne?
Its becoming the norm that commercial conveyancing solicitors in Sittingbourne will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Sittingbourne. The report sets out definitive information 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 Sittingbourne.
For every commercial conveyancing transaction in Sittingbourne it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Sittingbourne 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 Sittingbourne.
It has been five months since my purchase conveyancing in Sittingbourne concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying my first flat in Sittingbourne benefiting from help to buy. The builders refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not reveal to my conveyancer about this side-deal as it would impact my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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 opted to have a survey done on a property in Sittingbourne ahead of instructing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some banks may not issue a loan on such a premises.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sittingbourne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sittingbourne to see if the conveyancing will be more expensive.
I am using a search engine for the phrase conveyancing in Sittingbourne it brings up many property lawyersin the area. With so much choice what is the best way to find the suitable property lawyer for purchase transaction?
The preferential method of finding a suitable conveyancer is via trusted testimonial, so seek the opinion of colleagues and relatives who have purchased a property in Sittingbourne or the reputable estate agent or financial adviser. Costs for conveyancing in Sittingbourne differ, so it's sensible to secure a minimum of three estimates from varying types of law firms. Make sure that you know that the costs are guaranteed not to rise.
Are you able to clarify what options are available to me if my Sittingbourne conveyancing searches shows negative results?
On the whole, the majority of adverse entries arising from Sittingbourne conveyancing search responses can be addressed ahead of completion or indemnity insurance may be obtained. You need to remember that regardless of the fact that you intend on acquiring the premises and may be willing to live with the search results, your building society or bank may not, and ultimately have the final decision.