Are the BSA planning on creating a search tool with a view to to identify law firms on the Loughborough BS conveyancing panel for instance in Staffordshire?
We would not expect to be advised of any intention on the part of the BSA to develop such a search facility.
Will commercial conveyancing searches disclose proposed roadworks that could affect a commercial property in Staffordshire?
Many commercial conveyancing solicitors in Staffordshire will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Staffordshire. The search result 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 Staffordshire.
For each commercial conveyancing transaction in Staffordshire 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 can result in delays to Staffordshire commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Staffordshire.
I'm purchasing a new build house in Staffordshire with a loan from Bank of Scotland. The sellers would not budge the amount so I negotiated 6k of additionals instead. The house builders rep told me not disclose to my conveyancer about this deal as it will jeopardize my mortgage with Bank of Scotland. 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Staffordshire is where the house is located. What do you suggest?
Flying freeholds in Staffordshire are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Staffordshire you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Staffordshire may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Hoping to buy a property located in Staffordshire and I am already nervous. I couldn't find anything specific about Staffordshire. Conveyancing will be needed in due course but do you know about the Staffordshire area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Staffordshire. In the meantime here are some basic statistics that we found
I am employed by a reputable estate agency in Staffordshire where we have witnessed a number of flat sales put at risk as a result of short leases. I have received inconsistent advice from local Staffordshire conveyancing solicitors. Could you confirm whether the seller of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is 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.
Alternatively, it may be possible 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 purchaser.
I acquired a 1 bedroom flat in Staffordshire, conveyancing was carried out 8 years ago. How much will my lease extension cost? Corresponding flats in Staffordshire with a long lease are worth £222,000. The ground rent is £50 invoiced annually. The lease terminates on 21st October 2095
You have 70 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.