Me and my partner are soon to complete on the purchase of a house in Sandwich but as a consequence of damage from the recent storms I have managed to agree compensation from the seller of six thousand pounds in the form of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process but HSBC will not permit this. Should they have been involved?
Any conveyancing practitioner that is on a HSBC conveyancing panel is required to advise HSBC of any changes to the sale price. If you were to refuse your solicitor to disclose the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new conveyancer for your conveyancing in Sandwich.
Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial site in Sandwich?
Many commercial conveyancing solicitors in Sandwich will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Sandwich. The search result provides definitive information 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 Sandwich.
For every commercial conveyancing transaction in Sandwich it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Sandwich commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Sandwich.
Are there restrictive covenants that are commonly identified as part of conveyancing in Sandwich?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Sandwich. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the encouragement of my in-laws I had a survey completed on a house in Sandwich in advance of appointing solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some banks may not give a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Sandwich. Conveyancing will be smoother if you use a solicitor in Sandwich especially if they are accustomed to such properties in Sandwich.
What does commercial conveyancing in Sandwich cover?
Commercial conveyancing in Sandwich covers a wide array of services, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.