Do commercial conveyancing searches disclose impending roadworks that may affect a commercial site in Selsdon?

Its becoming the norm that commercial conveyancing solicitors in Selsdon 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 Selsdon. The search result sets out 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 Selsdon.

For every commercial conveyancing transaction in Selsdon it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Selsdon commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Selsdon.

Despite weeks of looking the Title Certificate and documents to my home can not be found. The conveyancers who did the conveyancing in Selsdon years ago no longer exist. Will I be able to sell the house?

As long as the title is registered the information relating to your ownership will be recorded by HMLR under a Title Number. It is possible to carry out a search at the Land Registry, find your house and get current copies of the Registered Entries for a small fee. Where the property is Leasehold then the Land Registry will usually retain a file copy of the Registered Lease and again, a copy can be retrieved for a small fee.

I opted to have a survey carried out on a property in Selsdon ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks may refuse to grant a loan on such a property.

It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Selsdon. Conveyancing will be smoother if you use a solicitor in Selsdon especially if they are acquainted with such properties in Selsdon.

My father-in-law has recommend that I appoint his conveyancers in Selsdon. Should I use them?

There are no two ways about it the ideal way to select a conveyancing solicitor is to have feedback from friends or relatives who have experience in using the conveyancer that you are are thinking of instructing.

I am looking at a couple of apartments in Selsdon which have in the region of 50 years unexpired on the leases. Will this present a problem?

A lease is a right to use the property for a period of time. As a lease gets shorter the saleability of the lease deteriorates and it becomes more costly to extend the lease. For this reason it is advisable to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this field.

I bought a studio flat in Selsdon, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Selsdon with a long lease are worth £165,000. The ground rent is £45 yearly. The lease ends on 21st October 50

With 50 years remaining on your lease we estimate the price of your lease extension to span between £36,100 and £41,800 as well as costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.