My son-in-law is about to exchange on a new build apartment in Gillingham with a mortgage from Santander. His lawyer has said that there is a delay in receiving 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 Santander 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having sold my house in Gillingham last April but the buyer keeps whats apping every few hours to moan that her lawyer is waiting to hear from mine. What are the post completion sale legalities following completion?
After completion of your sale your lawyer should send the transfer documentation and all additional paperwork to the purchaser's conveyancer. Where relevant, your lawyer should also confirm that the legal charge in favour of the lender has been repaid to the buyers solicitors. There are no post completion formalities unique to conveyancing in Gillingham.
Are the BSA intent on creating a online directory to list law firms on the Loughborough BS conveyancing panel for example in Gillingham?
Lexsure has not been advised of any plans on the part of the BSA to develop such a tool.
Given that I am about to spend £400,000 on a property in Gillingham I would like to have a conversation with the solicitor concerning thetransaction in advance of instructing the firm. Is this something that you can arrange?
This is something that we encourage - we would be happy to talk to you we do not take any clients on without you first talking to the conveyancer due to be doing your conveyancing in Gillingham.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The solicitors that we put you in touch with believe that the fees you are quoted for your conveyancing in Gillingham should be the amount on the final invoice that you end up paying.
We're FTB’s - had an offer accepted, yet the property agent advised that the owners will only proceed if we instruct their recommended conveyancers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Gillingham
It is unlikely the sellers are driving this. If they desire ‘a quick sale', taking such a hostile approach to a serious buyer is likely to cause more damage than good. Contact the vendors directly and make the point that (a)you are motivated buyers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you intend to use your preferred Gillingham conveyancing lawyers - not the ones that will provide the estate agent a referral fee or hit his conveyancing figures demanded by HQ.
We own a leasehold flat in Gillingham. Conveyancing was finished in last year. I have heard that I mustn’t let the lease length get too short. Is this correct?
Gillingham residential long term leases are for a prescribed term - usually 99 years when they commenced. However a significant appartments in Gillingham were built or converted in the 60’s and so such leases now have less than eighty years unexpired. This may seem like plenty of time however Banks, Building Societies and other mortgage companies tend to need leases to have at least seventy five years unexpired to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are getting close to seventy five years. To enhance the marketability of your property you should be thinking about whether to extend your lease well in advance of selling the property. You should note that there are significant benefits to taking action before the lease hits eighty years as when the lease falls below eighty years the premium you have to pay to extend starts to escalate.