Do commercial conveyancing searches reveal impending roadworks that could impact a commercial premises in Totnes?
Its becoming the norm that commercial conveyancing solicitors in Totnes will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Totnes. 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 Totnes.
For each commercial conveyancing transaction in Totnes it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Totnes commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Totnes.
I purchased a 4 bedroom Georgian house in Totnes. Conveyancing lawyer acted for me and Halifax. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Halifax to clarify?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Totnes and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing lawyer who completed the work.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Totnes is the location of the property. Can you shed any light on this issue?
Flying freeholds in Totnes are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Totnes you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Totnes may determine 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 property.
In searching the internet for the phrase on line conveyancing in Totnes it reveals numerous solicitorslocally. How do I determine which is the suitable property lawyer for the sale of my house?
The best way of finding the right conveyancer is through a personal referral, so seek the counsel of colleagues and those you trust who have purchased a property in Totnes or the reputable estate agent or financial adviser. Fees for conveyancing in Totnes differ, so it's advisable to request a minimum of three fee calculations from different law firms. Make sure that you know that the fees are fixed.
Due to complete next month on a studio apartment in Totnes. Conveyancing lawyers assured me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Totnes should include some of the following:
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Advice concerning the obligations in the lease to to contribute towards maintenance costs - in relation to the building, and the more general rights a leaseholder has The length of the lease term. You should receive guidance as what happens when the lease expires, and aware of the importance of the 80 year mark Defining your rights in relation to the communal areas in the block.By way of example, does the lease include a right of way over a path or staircase? Additions to the flat Does the lease prevent you from letting out the property, or working from home
Leasehold Conveyancing in Totnes - A selection of Queries before Purchasing
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How much is the ground rent and service charge? It would be prudent to investigate if there is anything that is prohibited in the lease. For instance it is very common in Totnes leases that pets are not permitted in in a block in Totnes. If you love the propertyin Totnes but your cat is not allowed to make the move with you then you have a very hard compromise. This question is important as a) areas can result in problems for the block as the common areas may start to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the managing agents you will wish to have all the details
When it comes to my conveyancing in Totnes should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Totnes conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.