Our god-son is purchasing a newly built flat in Byfleet with a home loan from Coventry BS. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form 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 Coventry BS conveyancing panel as a standard part of the process, and to the surveyor 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 Coventry BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Byfleet?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Byfleet. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying a new build flat in Byfleet. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Byfleet
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Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Byfleet is the location of the property. What do you suggest?
Flying freeholds in Byfleet are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Byfleet you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Byfleet may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am one month into a residential purchase having been referred to a firm by the local agent to handle our conveyancing in Byfleet. I am not happy. Could you help me find new conveyancers?
A lawyer would need to be really bad in order to consider changing them. Has the mortgage offer been sent? In the event that it has you must inform them of the replacement solicitor and have the mortgage documents are re-sent. Your conveyancer needs to be on the banks approved list to avoid supplemental fees and delays. So that should be your starting point. The find a solicitor tool should help you find a lender approved lawyer for your conveyancing in Byfleet
We expect to complete the disposal of our £425,000 flat in Byfleet next Thursday. The landlords agents has quoted £408 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Byfleet?
Byfleet conveyancing on leasehold flats normally results in administration charges levied by freeholders :
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Completing pre-contract enquiries
Where consent is required before sale in Byfleet
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I inherited a studio flat in Byfleet, conveyancing was carried out 6 years ago. Can you work out an approximate cost of a lease extension? Corresponding properties in Byfleet with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 levied per year. The lease finishes on 21st October 2091
With 66 years unexpired we estimate the premium for your lease extension to be between £11,400 and £13,200 as well as legals.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first seeking the advice of a professional.