Will commercial conveyancing searches reveal proposed roadworks that may affect a commercial site in Northam?

Its becoming the norm that commercial conveyancing solicitors in Northam will perform a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Northam. 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 Northam.

For each commercial conveyancing transaction in Northam it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Northam commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Northam.

Due to the encouragement of my in-laws I had a survey completed on a house in Northam in advance of appointing lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders will not issue a mortgage on such a property.

It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Northam. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Northam to see if the conveyancing will be more expensive.

I need to find a conveyancing solicitor for residential conveyancing in Northam. I have discover a web site which looks to be the perfect solution If it is possible to get all the legals completed via phone that would be preferable. Do I need to be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have subsequently discovered that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Northam. Conveyancing solicitors have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Northam ?

Most houses in Northam are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Northam in which case you should be looking for a Northam conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’sconsent to conduct alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your lawyer will appraise you on the various issues.

I purchased a 1 bedroom flat in Northam, conveyancing was carried out in 2001. How much will my lease extension cost? Comparable properties in Northam with a long lease are worth £180,000. The ground rent is £65 yearly. The lease ends on 21st October 2082

With only 58 years left to run the likely cost is going to span between £22,800 and £26,400 as well as professional fees.

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 detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.

I recently found out that one of the partners of the firm handling the purchase conveyancing in Northam is an aunty of the seller. Is this acceptable?

Provided there is no conflict of interest this is allowable. Where you are requiring a home loan then the mortgage company may have a say as many lenders have specific instructions on this. For example for RBS- First Active as of 30/10/2024, the requirements read as follows :