Do commercial conveyancing searches disclose planned roadworks that may affect a commercial site in West London?
Many commercial conveyancing solicitors in West London will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in West London. 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 West London.
For each commercial conveyancing transaction in West London it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to West London commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in West London.
i am buying my first flat in West London benefiting from help to buy. The builders would not reduce the price so I negotiated 6k of additionals instead. The property agent suggested that I not reveal to my conveyancer about this deal as it will impact my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
We're first time buyers - agreed a price, but the selling agent advised that the vendor will only issue a contract if we appoint the agent's preferred solicitors as they want a ‘quick sale’. Our preferred option is to instruct a family solicitor with experience of conveyancing in West London
It is highly unlikely the owners are driving this. Should the vendor want ‘a quick sale', taking such a hostile approach to a motivated purchaser is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are serious buyers (b)you are ready to go, with finances arranged © you have nothing to sell (d) you intend to proceed fast (e)but you are going to instruct your own,trusted West London conveyancing lawyers - not the ones that will give the negotiator at the agency a referral fee or hit his conveyancing thresholds demanded by head office.