We're in Balham, First time buyers buying with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Will commercial conveyancing searches reveal impending roadworks that may affect a commercial property in Balham?
Many commercial conveyancing solicitors in Balham will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Balham. 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 Balham.
For each commercial conveyancing transaction in Balham it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Balham commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Balham.
It has been 2 months since my purchase conveyancing in Balham completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey done on a house in Balham in advance of retaining lawyers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some mortgage companies will not issue a mortgage on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Balham. Conveyancing may be slightly more expensive based on your lender's requirements.
I am a sole trader intending to lease a unit on a shopping parade. Can you recommend conveyancers offering fixed fees for non-domestic conveyancing in Balham for less than 1500k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Balham, including the sale and acquisition of businesses as well as simply premises. If you are intending to buy or sell a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right firm. As for the fees these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or call us so that we may supply you with comprehensive commercial conveyancing quote.