Finally the sale completed on my house in Barnet last spec month yet the purchaser is telephoning every few hours to moan that his solicitor is waiting to hear from myconveyancer. What should my lawyer have done following completion?
Following your sale your solicitor is obliged to forward the transfer deeds and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your solicitor should also confirm that the home loan has been repaid to the purchasers conveyancers. There are no post completion steps peculiar conveyancing in Barnet.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial land in Barnet?
Its becoming the norm that commercial conveyancing solicitors in Barnet will execute 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 Barnet. The report provides 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 Barnet.
For each commercial conveyancing transaction in Barnet 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 may cause delays to Barnet commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for residential conveyancing in Barnet.
How does conveyancing in Barnet differ for newly converted properties?
Most buyers of new build premises in Barnet contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is completed. This is because builders in Barnet tend to buy 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 property lawyers 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 accustomed to new build conveyancing in Barnet or who has acted in the same development.