My son is about to exchange on a new build apartment in Hope Valley with a home loan from Santander. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
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 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My wife and I have recently appointed a conveyancing solicitor in Hope Valley. I I am struggling to find out if they are on the The Mortgage Works conveyancing panel. Can you advise?
The first thing to do is contact the solicitor and enquire whether they can act for the bank. Alternatively please call The Mortgage Works who may be able to confirm.
I used Stirling Law a few years past for my conveyancing in Hope Valley. Now, I need the files however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Hope Valley of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Hope Valley differ for new build properties?
Most buyers of new build or newly converted property in Hope Valley contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because builders in Hope Valley usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hope Valley or who has acted in the same development.
I am looking into buying my first house which is in Hope Valley and I am already nervous. I couldn't find anything specific about Hope Valley. Conveyancing will be needed in due course but do you know about the Hope Valley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Hope Valley. In the meantime here are some basic statistics that we found
I own a leasehold flat in Hope Valley. Conveyancing and Norwich and Peterborough Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Hope Valley who acted for me is not around. Any advice?
The first thing you should do is contact HMLR to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Hope Valley conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the registered owner of a studio flat in Hope Valley, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Similar properties in Hope Valley with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2105
With just 80 years left to run the likely cost is going to range between £7,600 and £8,800 plus costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.