Will my lawyer be raising enquiries regarding flooding as part of the conveyancing in London Colney.

Flooding is a growing risk for lawyers dealing with homes in London Colney. There are those who buy a property in London Colney, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.

Lawyers are not qualified to give advice on flood risk, however there are a numerous searches that may be initiated by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in London Colney. The conventional set of property information forms supplied to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the vendor to discover whether the premises has historically flooded. If the property has been flooded in past which is not disclosed by the seller, then a purchaser could commence a legal claim for losses resulting from an incorrect reply. A purchaser’s lawyers will also carry out an enviro report. This will disclose if there is any known flood risk. If so, further investigations should be made.

I am buying a new build flat in London Colney. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.

Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in London Colney

The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared.

I have been on the look out for a flat up to £245,000 and found one near me in London Colney I like with a park and transport links in the vicinity, however it only has 52 remaining years left on the lease. I can't really find anything else in London Colney in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?

If you need a home loan the remaining unexpired lease term will likely be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

My company is intending to lease a unit on a shopping parade. Can you recommend conveyancers offering fixed charges for non-domestic conveyancing in London Colney for below 2k?

We can recommend firms who host a wealth of experience of commercial conveyancing in London Colney, including the sale and purchase of businesses as well as simply property. If you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right solicitor. As for the charges these will vary based on the structure and complexity of the proposed transaction. Please provide us with your details or call us so that we may furnish you with a detailed commercial conveyancing calculation.

My uncle has suggested that I instruct his conveyancing solicitors in London Colney. Should I choose my own solicitor?

There are no two ways about it the ideal way to find a conveyancing solicitor is to seek recommendations from friends or relatives who have used the firm you're are thinking of instructing.