Do commercial conveyancing searches reveal impending roadworks that may affect a commercial site in Wisbech?

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

For each commercial conveyancing transaction in Wisbech 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 can cause delays to Wisbech commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Wisbech.

2 months have gone by since my purchase conveyancing in Wisbech concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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 premises 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.

How does conveyancing in Wisbech differ for newly converted properties?

Most buyers of new build premises in Wisbech contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Wisbech typically acquire the land, 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 conveyancers 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 Wisbech or who has acted in the same development.

How do I use your search facility to locate a conveyancing solicitor in Wisbech on the panel for my bank?

1st pick a mortgage company such as Accord Mortgages Ltd, Coventry Building Society or Aldermore then specify your preferred area for instance Wisbech. Conveyancing firms in Wisbech and further afield will then be identified.

I have just started marketing my 2 bed flat in Wisbech. Conveyancing has not commenced, however I have recently had a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?

Your conveyancing lawyer is likely to suggest that you should pay the invoice as usual because all rents and service charges will be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I own a 1st floor flat in Wisbech, conveyancing was carried out in 2012. Can you please calculate a probable premium for a statutory lease extension? Equivalent flats in Wisbech with over 90 years remaining are worth £181,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease ceases on 21st October 2076

With 51 years unexpired we estimate the price of your lease extension to be between £30,400 and £35,200 as well as professional fees.

The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. Do 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 you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.