Our god-son is about to exchange on a new build apartment in Great Yarmouth with a home loan from Yorkshire BS. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
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 Yorkshire BS 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 Yorkshire BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do lenders provide you with an approved list of Great Yarmouth conveyancing solicitors? How do you know who is on the Co-operative conveyancing panel?
Great Yarmouth conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
I have been referred to a conveyancing solicitor in Great Yarmouth. I need to find out whether they are accepted on the Barnsley Building Society approved list of lawyers. Could you assist?
You should e-mail your conveyancer and enquire whether they are on the lender panel. Otherwise please call Barnsley Building Society who may be able to help.
I am looking for a ground for flat up to £245,000 and found one near me in Great Yarmouth I like with amenity areas and railway links nearby, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Great Yarmouth suitable, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage the remaining unexpired lease term will be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
In what way can the Landlord & Tenant Act 1954 impact my commercial property in Great Yarmouth and how can your lawyers assist?
The 1954 Act gives protection to commercial tenants, giving them the dueness to apply to court for a new tenancy and continue in occupation at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Great Yarmouth is one of the numerous locations in which the firms we work with are based
I am searching for Great Yarmouth online conveyancing estimates. Can I be confident that all the Great Yarmouth law firms that are listed on your site are on the lender conveyancing panel?
The law firms on our directory have assured us via an online form that they are on the bank panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific Great Yarmouth conveyancing solicitor being on the mortgage company conveyancing panel is not accurate.