My nephew is in the process of securing a newly built flat in Fleet with a home loan from Aldermore. His conveyancer 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 involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Aldermore conveyancing panel as a standard part of the process, and to the valuer 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 Aldermore conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have a decision in principle. The lender mentioned the loan came with free conveyancing. Does this mean I have to use their panel conveyancer as I would much rather instruct a high street conveyancing solicitor in Fleet?
Do check but the chances are that appoint one of their panel conveyancers if you accept the "fee-free" offer. Speak to the bank to determine if they allow a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Fleet.
Have just purchased a probate house at auction in Fleet. Conveyancing is needed. What is next?
Given that you are now legally bound yourself to purchase you should appoint a conveyancing lawyer as a matter of urgency as you are faced with a tight a fixed date to complete the deal. All auction property will ordinarily have a bespoke legal pack. This should include the copy title deeds, local authority and drainage searches. Where you are dealing with leasehold premises the legal papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You should hand this to the conveyancer working for you ASAP. Do make sure that your finances are in order to complete on the date specified in the contract.
This question may be naive but I am unexperienced as FTB of a ground floor flat in Fleet. Do I collect the keys to the premises on completion from my conveyancer? If so, I will find a local conveyancing solicitor in Fleet?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you will be called to collect the keys from the Estate Agents and start moving into the property. Usually this occurs early afternoon.
I am expecting a DIP from HSBC this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Fleet solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Fleet solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
Just had an offer accepted on a new build flat in Fleet. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Fleet
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. Please confirm the Lease plans are surveyor prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Fleet I like with amenity areas and station in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in Fleet suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
My business partner and I are wishing to take an assignment of a lease of a shop on the high street. Can you recommend conveyancers offering no-sale-no fees for non-domestic conveyancing in Fleet for under 2k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Fleet, including the sale and acquisition of businesses as well as simply premises. If you are looking to purchase or dispose of a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right solicitor. Regarding the fees these will vary based on the structure and complexity of the deal. Let us have your details or telephone so as to enable us to supply you with a detailed commercial conveyancing calculation.