Do commercial conveyancing searches reveal planned roadworks that could affect a commercial premises in Canonbury?

Many commercial conveyancing solicitors in Canonbury will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Canonbury. 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 Canonbury.

For each commercial conveyancing transaction in Canonbury 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 result in delays to Canonbury commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Canonbury.

I'm purchasing a new build house in Canonbury benefiting from help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of extras instead. The property agent advised me not reveal to my conveyancer about the side-deal as it will impact my loan with the lender. 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.

I decided to have a survey carried out on a house in Canonbury before retaining solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some banks may refuse to give a mortgage on a flying freehold property.

It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Canonbury. Conveyancing may be slightly more expensive based on your lender's requirements.

I am in need of some leasehold conveyancing in Canonbury. Before I get started I would like to find out the number of years remaining on the lease.

Assuming the lease is recorded at the land registry - and most are in Canonbury - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

I inherited a a ground floor purpose built flat in Canonbury. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?

Most certainly. We can put you in touch with a Canonbury conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Canonbury flat is 5C Stoke Newington Road in April 2010. the Tribunal therefore concludes that the premium to be paid for the extended lease is £700.00 This case related to 1 flat. The unexpired lease term was 80.5 years.

I pay a service charge for my property in Canonbury. Due to redundancy and personal issues I fell behind with remittance. The freeholders agreed a payment plan but there remains a couple of currently due.

I want to sell and I am nervous that this may threaten to derail the sale if I have to settle the arrears first. I'd like to sell up and subsequently repay the debt from the completion monies - is this possible?

You should clarify with the lawyer carrying out your Canonbury conveyancing but one option may be to arrange for the outstanding amount to be transferred to the purchasers. The final price due would be reduced to reflect the amount of debt they take on. They could then pay the fees post completion of the purchase.