Do commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Cookham?
Its becoming the norm that commercial conveyancing solicitors in Cookham will conduct 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 Cookham. The report 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 Cookham.
For every commercial conveyancing transaction in Cookham 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 could cause delays to Cookham commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Cookham.
My wife and I own a 4 bedroom Edwardian house in Cookham. Conveyancing lawyer acted for me and HSBC Bank. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cookham and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing solicitor who conducted the conveyancing.
As co-executor for the will of my grandfather I am disposing of a house in Newport but live in Cookham. My conveyancer (approximately 200 miles from meneeds me to sign a stat dec before completion. Can you recommend a conveyancing lawyer in Cookham to witness this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are located in Cookham
I am a negotiator for a reputable estate agent office in Cookham where we have witnessed a number of flat sales jeopardised due to leases having less than 80 years remaining. I have been given conflicting advice from local Cookham conveyancing solicitors. Could you confirm whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I purchased a basement flat in Cookham, conveyancing was carried out June 1997. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Cookham with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease finishes on 21st October 2080
You have 55 years left to run the likely cost is going to be between £31,400 and £36,200 as well as legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
Is it true that a Cookham conveyancing firm taken to court by clients for failing to conduct the appropriate conveyancing investigations?
We are not aware of such a Cookham conveyancing matter but according to a recent report, clients buying a house elsewhere in England successfully sued their lawyer due to development plans to construct a wind farm failing to be identified in conveyancing searches.
Where you are purchasing in Cookham It is essential that your lawyer carry out all Cookham conveyancing searches required to ensure you have accurate and current information before buying a property.