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Business & Property

Buying a Commercial Building

Buying a Commercial Building

What’s involved in buying a commercial building?

Investigations

  • What can I find out about the property from the seller and other sources?
  • Local Search, water search, environmental search, chancel repair liability.
  • Other searches on infrastructure, such as gas, water and electricity.
  • Flooding report.

Funding

  • Should I invest my own money or raise a loan?
  • What percentage of the value of the property will the bank lend me?
  • Can I obtain funds from a third party funder who is not a high street, but a special commercial project lender?
  • What extra or other requirements might they have?

The Property

  • Why do I need to inspect the property fully?
  • Why do you recommend I have a survey rather than a valuation?
  • Is the property immediately adjacent to a highway, or is it within a trading estate?
  • Is it part of a building rather than the whole thing?
  • Is it a terraced property or freestanding?

Stamp Duty Land Tax

Stamp Duty Land Tax is a tax charged on transactions involving the acquisition of an interest in land in the UK, where the value exceeds a certain threshold.  Stamp Duty Land Tax is charged at different rates, and has different thresholds, depending on the type of property and the value of the transaction.

VAT

VAT is a tax on the supply of goods and services made by a person registered for VAT (which can be an individual, partnership, a company or other form of legal entity) in the course of a business.

Registration at the Land Registry

The Land Registry is the government department which registers the ownership of land and property in England and Wales.  Following the registration of land or property at the Land Registry, the Land Registry record any changes of ownership, mortgages or leases together with certain other interests that affect the land, following an application to register the change being made.

Companies House requirement

Companies House is the registry for companies incorporated in England and Wales.

Companies House provides 3 main functions:-

  • The incorporation, re-registration, and dissolution of companies.
  • Registration of documents which must be filed for companies under company, insolvency and other related legislation.
  • The provision of company information to the public.
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Read some reviews from our clients

4.88 Average

130 Reviews

Anonymous

Absolutely first class service from start to finish. Open, transparent with costs and all work carried out in a fast timely manner. Highly recommend the use of Williamson’s conveyance services.

Miss S

Very good company. I will always use Williamson's for any legal matter. Efficient,friendly and helpful.

Anonymous

Would just like to mention your Bridlington branch is so highly recommended. We have had the most efficient & fast legal work done by one of your brilliant Solicitors called Lauren. Can I add no stress what's so ever. Thankyou Williamsons Solicitors & thankyou Lauren.

Anonymous

Have used this firm for both buying and selling properties and would use them again. They've always been fair and reasonable in what they charged and done their best to keep me informed on developments in above transactions.

Philip P

Williamson's Solicitors provide first class advice, efficiency and are very obliging. We would highly recommend their services.

Mr and Mrs Emmerson

After a long haul with our house sale, we where pleased with the professionalism shown at all times, with friendly approachable staff at Bridlington.

Mr & M

Excellent professional service throughout, couldn't fault anything. We found them to be very thorough and looked out for our best interests at all times! We are intending to purchase another rental property and will definitely be using Williamsons in Beverley. Thank-you again Amanda for all your help and expertise!

Mrs Gamble

I was very pleased with the service i received from williamsons solicitors every person i dealt with were friendly understanding and very professional and especially mr tim slow who helped me with everything i would highly recommend williamsons solicitors

Mr & M

Very good from Carey Robinson, but haven't received the mortgage money in our account that was promised today. Please advise Cheers Rose Horspool

Peter S

Courteous, polite, prompt and efficient service. Very pleased I hired you.

Mr Lancaster

After using your company for the 1st time i found Gordon Sewell and his secretary very helpful and understanding and his advice was excellent. I will definitely recommend this company to my friends and family and i will certainly use this company again if needed . Many Thanks Gordon for a first class service Regards Richard Lancaster

Peter I

Nice people, easy to talk to and got straight to the problems I had with a few issues with my employer. Very happy with the service I received.

Mr & M

We have used Williamsons Solicitors for buying 2 houses and selling one excellent quick and efficient service. We have just used Williiamsons again to make our wills with Rebecca Bisby who again maintained the high standards we have come to recognise from Williamsons. We would highly recommend them quick efficient and very professional. We not only visited Williamsons in persons but but emailed and by telephone all of which quickly answered.

Mrs Stacey

gordon sewell was emphatic.made me feel at ease and was very approachable through a tough time.,along with maisie who was so helpful too..thankyou

Megan C

Brilliant solicitors highly recommend

Mr Smith a

Carey has been really good throughout the process. Always responds quickly on emails and is always on the end of the phone if I needed her. I would highly recommend this firm and Carey.

Mrs Kathleen A

Excellent relationship management, clear and concise advice including option analysis. Very happy with all aspects of the service provided and the outcomes achieved. Friendly professional service.

Mr & M

Carey Robinson acted as our Solicitor on a recent commercial purchase and she was brilliant. Carey was super efficient and we were kept up to date on every aspect of the purchase. From start to finish our "Property Auction" purchase only took 7 working days to complete. We will definitely be using Carey again and can highly recommend her 5 star service.

Anonymous

Friendly, fast and efficient. Sale of property went very well.

Anonymous

I have nothing but praise for Gordon Sewell at the Hull office. He conducted my unusual and difficult civil case with great care and understanding. Gordon also injected the right amount of sympathy for my plight without being unprofessional. I would recommend him to anyone needing a clued up civil litigation lawyer.

Richard K

very helpful and efficient. thanks to all