Our grandson is about to exchange on a newly built flat in Eastleigh with a home loan from Virgin Money. His lawyer 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 purchase. Therefore, it will be provided to your son’s lawyer who should be on the Virgin Money 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 Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I note that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when purchasing a residence in Eastleigh? or Apparently there is a law dating back centuries that means some house owners living in a parish church boundary may be liable to pay for repairs towards the chancel within the church. Is this a legitimate concern for conveyancing in Eastleigh?
Unless a previous acquisition of the premises completed post 12 October 2013 you could expect lawyers conducting conveyancing in Eastleigh to continue to propose a a chancel search and or insurance against a claim.
I have todaybecome aware that Action Conveyancing have been shut down. They conducted my conveyancing in Eastleigh for a purchase of a freehold house 12 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The quickest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Eastleigh conveyancing specialists.
Due to the input of my in-laws I had a survey completed on a property in Eastleigh before retaining conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies tend not issue a loan on this type of house.
It depends who your proposed lender is. Santander has different instructions from Halifax. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Eastleigh. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Eastleigh to see if the conveyancing will be more expensive.
Jane (my partner) and I may need to sub-let our Eastleigh ground floor flat temporarily due to taking a sabbatical. We instructed a Eastleigh conveyancing practice in 2003 but they have since shut and we did not have the foresight to seek any guidance as to whether the lease allows us to sublet. How do we find out?
A small minority of properties in Eastleigh do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I inherited a leasehold flat in Eastleigh, conveyancing was carried out 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 flats in Eastleigh with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease finishes on 21st October 2077
With just 53 years left to run we estimate the premium for your lease extension to span between £27,600 and £31,800 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.
The solicitors undertaking our conveyancing in Eastleigh has forwarded papers to review that reveal that the property is unregistered with epitome documents. Surely all properties in Eastleigh are registered?
It is a rare occurrence indeed to find property in Eastleigh to be unregistered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Eastleigh conveyancing practitioners will be familiar with this type of conveyancing but if any uncertainty prevails the usual recommendation presently is for the vendor’s solicitor to register it first and then deal with the sale conveyance - this will have a domino effect to result in a prolonged conveyancing.