Do commercial conveyancing searches reveal impending roadworks that may impact a commercial premises in Stapleford?

Its becoming the norm that commercial conveyancing solicitors in Stapleford will execute 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 Stapleford. 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 Stapleford.

For each commercial conveyancing transaction in Stapleford 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 could result in delays to Stapleford commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for residential conveyancing in Stapleford.

Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who dealt with the conveyancing in Stapleford 4 years ago are no longer around. Will I be able to sell the house?

Assuming the title is registered the information relating to your proprietorship will be documented by HMLR with a Title Number. It is easy to execute a search at the Land Registry, identify your house and order up to date copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will in most cases retain a certified copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.

How does conveyancing in Stapleford differ for new build properties?

Most buyers of new build premises in Stapleford contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is completed. This is because builders in Stapleford usually buy the site, 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 conveyancing solicitors 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 Stapleford or who has acted in the same development.

Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Stapleford is where the house is located. Can you offer any advice?

Flying freeholds in Stapleford are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Stapleford you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stapleford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

What makes a Stapleford lease defective?

There is nothing unique about leasehold conveyancing in Stapleford. All leases are unique and legal mistakes in the legal wording can result in certain provisions are erroneous. The following missing provisions could result in a defective lease:

Clauses dealing with recovering service charges for expenditure on the building or common parts.

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. Lloyds TSB Bank, Virgin Money, and Platform Home Loans Ltd 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, obliging the buyer to withdraw.

I purchased a 2 bed flat in Stapleford, conveyancing having been completed February 2003. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Stapleford with a long lease are worth £191,000. The ground rent is £55 per annum. The lease terminates on 21st October 2079

With just 54 years unexpired the likely cost is going to range between £32,300 and £37,400 plus costs.

The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you should 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.