My grandson is buying a new build apartment in Crawley with a mortgage from RBS. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 RBS conveyancing panel as a standard part of the process, and to the valuer 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 RBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My Conveyancer in Crawley is not listed on the Norwich and Peterborough Building Society Approved Panel. Can I still continue with my family solicitor even though they are excluded from the Norwich and Peterborough Building Society panel of approved conveyancing solicitors?
The limited options available to you here include:
- Complete the purchase with your existing Crawley solicitors but Norwich and Peterborough Building Society will need to instruct a solicitor on their panel. This will inevitably rack up the overall conveyancing charges as well as cause frustration.
- Get an alternative practitioner to to deal with the purchase, obviously checking they are Persuade your solicitor to do everything within their powers to join the Norwich and Peterborough Building Society conveyancing panel
Are there restrictive covenants that are commonly picked up as part of conveyancing in Crawley?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Crawley. 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…’
Just had an offer accepted on a new build apartment in Crawley. Conveyancing is necessary evil 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.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Crawley
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I decided to have a survey done on a property in Crawley ahead of appointing lawyers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some banks may refuse to issue a loan on such a premises.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Crawley. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Crawley cover?
Commercial conveyancing in Crawley covers a broad array of advice, offered by qualified solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.