Our nephew is about to exchange on a newly built flat in Brimsdown with a mortgage from Clydesdale. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Why is leasehold purchase conveyancing in Brimsdown is more expensive?
The conveyancing fees on a leasehold premises in Brimsdown is often more expensive as compared to a freehold acquisition or disposal. This is because there is an amount of extra time necessary in liaising with the freeholder and managing agents to collate the information concerning whether the rent and maintenance charges have been paid and whether there are any significant expenditure in the near future on repairs or maintenance of the building.
I have been told that property searches are the primary cause of delay in Brimsdown house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to feature in any delay in conveyancing in Brimsdown.
In my capacity as executor for the will of my grandfather I am disposing of a house in Neath but live in Brimsdown. My solicitor (based 300 kilometers from merequires that I sign a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Brimsdown to witness this legal document for me?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Brimsdown based
I am attracted to a couple of flats in Brimsdown which have about forty five years remaining on the leases. Do I need to be concerned?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease shortens the saleability of the lease reduces and it becomes more expensive to extend the lease. For this reason it is generally wise to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this field.
After months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Brimsdown. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We are happy to put you in touch with a Brimsdown conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold decision for a Brimsdown flat is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case related to 2 flats. The unexpired term as at the valuation date was 80.01 years.
My brother-in-law has suggested I instruct a conveyancing solicitor in Brimsdown. I I would like to check if they are listed on the lender's approved list of lawyers. Can you assist?
One option is to call the conveyancer and ask them if they are on the bank's panel. If that does not help get in touch with us and we can investigate and revert. If they are not on the bank panel we can certainly arrange a specialist conveyancing solicitor in Brimsdown on the panel for your mortgage company.