My nephew is purchasing a house that has just been built in Castle Vale with a mortgage from Kent Reliance. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
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 Kent Reliance 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 Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
When will exchange of contracts happen for purchase conveyancing in Castle Vale and do I need to be at the solicitors office?
If you are in close proximity to our conveyancing solicitors in Castle Vale you are invited in to sign contracts. However, the law practices we work with supply a nationwide conveyancing service and provide just as diligent and professional a job for you when dealing with you by post or email. The signing of the contract is not the point of no return. Signing on the dotted line is necessary for the conveyancer to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Castle Vale)to be in the office at the appropriate time.
Do the Building Society Association intend to launch a online directory to list practices on the Earl Shilton BS conveyancing panel for example in Castle Vale?
We would not expect to be advised of any intention on the part of the BSA to promote such a search facility.
Due to the encouragement of my in-laws I had a survey completed on a house in Castle Vale before appointing conveyancers. I have been told that there is a flying freehold element to the house. My surveyor advised that some banks will not grant a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Castle Vale. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Castle Vale to see if the conveyancing costs will increase in light of this.
I am selling my property. My former solicitors closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Castle Vale if that makes a difference.
Please use our search tool to help you find a solicitor for your conveyancing in Castle Vale. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
I am a negotiator for a reputable estate agent office in Castle Vale where we see a few leasehold sales jeopardised as a result of short leases. I have been given inconsistent advice from local Castle Vale conveyancing solicitors. Can you clarify whether the owner of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Castle Vale Conveyancing for Leasehold Flats - Sample of Queries before Purchasing
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On the whole the cost for major works tend not to be included within maintenance charges, although there some managing agents in Castle Vale obliged leaseholders to contribute towards a sinking fund created for the specific purpose of establishing a fund for larger repairs or maintenance. What prohibitions exist in the Castle Vale Lease? You will want to discover as much as you can about the company managing the block as they will either make your living at the property much simpler or a lot more difficult. As the owner of a leasehold property you are often at the mercy of the managing agents both financially and when it comes to practical matters like the cleanliness of the communal areas. Ask other people if they are happy with their management. Finally, be sure you know the dates that you are obliged pay the maintenance charge to the appropriate party and precisely how they are spending that money.