Do commercial conveyancing searches disclose planned roadworks that could impact a commercial estate in Moss Nook?

Many commercial conveyancing solicitors in Moss Nook will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Moss Nook. 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 Moss Nook.

For every commercial conveyancing transaction in Moss Nook it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to Moss Nook commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Moss Nook.

How does conveyancing in Moss Nook differ for new build properties?

Most buyers of new build or newly converted property in Moss Nook approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Moss Nook tend to purchase the real estate, 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 property lawyers 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 accustomed to new build conveyancing in Moss Nook or who has acted in the same development.

I decided to have a survey done on a house in Moss Nook in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some lenders will refuse to give a loan on a flying freehold house.

It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Moss Nook. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Moss Nook to see if the conveyancing costs will increase in light of this.

In my capacity as executor for the estate of my grandfather I am disposing of a property in Neath but live in Moss Nook. My solicitor (who is 300 miles from meneeds me to sign a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Moss Nook who can attest this legal document for me?

strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Moss Nook based

When it comes to leasehold conveyancing in Moss Nook what are the most frequent lease defects?

Leasehold conveyancing in Moss Nook is not unique. Most leases are drafted differently and drafting errors can result in certain provisions are wrong. The following missing provisions could result in a defective lease:

A duty to insure the building Repairing obligations to or maintain parts of the building

A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Virgin Money, and Nottingham Building Society all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the purchaser to pull out.

Moss Nook Conveyancing for Leasehold Flats - A selection of Queries before Purchasing

Is there a share of the freehold? Who are the managing agents? It is important to be aware if a new roof is being put on or some other significant cost is due shortly to be shared between the leaseholders and will materially increase the the service charges or necessitate a one off invoice.