Our son is in the process of securing a house that has just been built in Dingle with a home loan from HSBC. His conveyancer has said that there is a delay in receiving 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 HSBC 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 HSBC conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We note that you have a post code search directory listing firms on the Santander conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Dingle?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Dingle.
Are there any apps to help locate a Dingle law firm on the Leeds Building Society conveyancing panel? I have wheels and am happy to travel upto 25kilometers to meet the lawyer.
You can use the tool on this page. Please pick a mortgage company and your location and you will see a number of Dingle conveyancing lawyers based on proximity. We have listed some Dingle conveyancing firms at the bottom of this page and you can call them to check if they are on the Leeds Building Society member panel
My uncle has suggested that I appoint his conveyancing solicitors in Dingle. Should I find my own conveyancer?
There are no two ways about it the ideal way to select a conveyancing solicitor is to have guidance from friends or relatives who have previously instructed the solicitor that you are contemplating using.
What makes a Dingle lease unmortgageable?
There is nothing unique about leasehold conveyancing in Dingle. Most leases are drafted differently and drafting errors can result in certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:
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Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Halifax, Norwich and Peterborough Building Society, and Britannia all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to pull out.
I invested in buying a studio flat in Dingle, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Dingle with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 per annum. The lease ceases on 21st October 2094
With just 69 years unexpired the likely cost is going to range between £9,500 and £11,000 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
I am buying a ground floor flat in Dingle. Conveyancing lawyer has been waiting for, from the owner, building insurance paperwork. Earlier today I was advised that the seller must forward the insurance documents for the flat above as well. Why would my solicitor need to check the insurance for the other flat? Is it really required? We have been stalled for the last 4 weeks…
It is not unheard of in leasehold conveyancing in Dingle to find Conveyancing in Dingle in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats as opposed to the freeholder insuring the complete premises - which is clearly preferable. Do contact your solicitor but it would appear that your solicitor is looking to verify that the complete building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt as a result of lack of insurance cover.