Our son is purchasing a newly built flat in Brompton with a home loan from Lloyds. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Lloyds conveyancing panel as a standard part of the process, and to the valuer when requested. 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 Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What is the best way to discover of the solicitor carrying out my conveyancing in Brompton is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barnsley Building Society thus paying £175.00 in additional conveyancing charges.
Feel free to make use of the find a lender approved solicitor tool on this site. Pick the lender and type ‘Brompton’ or your preferred area and you will discover a number of lawyer located in Brompton or nearest you.
Is it necessary to take out insurance to protect me from financial exposure to chancel repairs when buying a property in Brompton?
Unless a previous purchase of the property took place after 12 October 2013 you can assume that conveyancing practitioners handling conveyancing in Brompton to continue to advocate a chancel search and or chancel repair liability insurance.
I have been on the look out for a leasehold apartment up to £245,000 and found one round the corner in Brompton I like with a park and transport links nearby, the downside is that it's only got 52 years on the lease. There is not much else in Brompton for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
We are a fortnight into a leasehold purchase having been directed to a firm by the estate agent to carry out the conveyancing in Brompton. I am am extremely disappointed with the quality of service. Can you you assist me in finding new solicitors?
They would need to be really bad to suggest diss instructing them. Has your loan offer been generated? In the event that it has you will need to inform them of the new contact details and get the offer are re-issued. Your new conveyancer should be on the lenders approved list to avoid escalating fees and delays. That should be your starting point. Our search tool will help you find a bank approved conveyancer for your home move in Brompton
At long last our conveyancing in Brompton completes next Friday, yet the couple I am purchasing off wishes to vacate 24 hours later at afternoon. Should I accept this?
In situations where you are having a bank loan then your conveyancer will require that the premises arevacant on Friday - the bank will demand it.