Do commercial conveyancing searches reveal proposed roadworks that could impact a commercial property in Chipping Norton?

Its becoming the norm that commercial conveyancing solicitors in Chipping Norton will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Chipping Norton. 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 Chipping Norton.

For every commercial conveyancing transaction in Chipping Norton it is critical 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 cause delays to Chipping Norton commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Chipping Norton.

I moved into my flat on 7 August and my personal details is yet to be registered. Any reason for this? My conveyancing solicitor in Chipping Norton advises it will be formalised in a couple of weeks. Are properties in Chipping Norton uniquely lengthy to register?

There is nothing unique when it comes to conveyancing in Chipping Norton registration formalities. As opposed to being determined by geographic area, timescales can differ subject to who lodges the application, whether it is in order and whether the Land registry must send notices to any interested parties. At present in the region of three quarters of submission are fully dealt with in less than three weeks but some can be subject to extensive hold-ups. Registration occurs after the buyer has moved in to the premises thus an expedited registration is not typically top priority yet if there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.

How does conveyancing in Chipping Norton differ for new build properties?

Most buyers of new build premises in Chipping Norton contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because house builders in Chipping Norton tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Chipping Norton or who has acted in the same development.

Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one round the corner in Chipping Norton I like with a park and transport links nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in Chipping Norton in this price bracket, so just wondered if I would be making a mistake buying a short lease?

Should you need a mortgage the shortness of the lease may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.

Myself and my partner have recently had an offer accepted on a flat and had meeting on Wednesday with Leeds Building Society for the mortgage. They warned me that when it comes to selecting a property lawyer that if they are not on their approved list of conveyancers then we will be subject to an an additional charge of £250+. This is is due to the fact that they will then have to instruct a conveyancer to act on their behalf in addition to the one we select for ourselves and we are liable for their invoice. I have asked Leeds Building Society to send me with a list so I can seek estimates only from their approved lawyers but was told that I need to check with each individual conveyancer to see if they are on the panel. Is there a list online?

You can enquire of Leeds Building Society what their criteria for panel membership is for a solicitor.Then ask the conveyancer of your choice whether they meet the criteria and have they acted on loans for Leeds Building Society historically. If the answer to those is yes, then just double check with Leeds Building Society. Another option is to make use of our search facility and we may be able to locate a conveyancer in Chipping Norton on the approved list for Leeds Building Society.