Our son is in the process of securing a newly built flat in Llandough with a mortgage from Aldermore. 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 form 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 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 Aldermore 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 Llandough last February yet the purchaser is Skype messaging me to moan that their solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Post completion of your house sale your conveyancer should forward the transfer documentation and all supplemental paperwork to the buyer’s solicitors. Where relevant, your lawyer should also confirm that the home loan has been paid off to the buyers lawyers. There are no post completion procedures unique to conveyancing in Llandough.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel lawyer as I would prefer to instruct a Llandough based conveyancing firm?
You should check but the the likelihood is that allocate you one of their panel lawyers where you want the "fee-free" deal. Contact the lender to determine if they offer you a monetary alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Llandough.
My father-in-law has suggested that I instruct his lawyers for conveyancing in Llandough. Should I use them?
No doubt the best way to choose a conveyancing practitioner is to get guidance from friends or relatives who have actually experience in using the solicitor that you are contemplating using.
I am looking at a two flats in Llandough both have approximately forty five years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As the lease gets shorter the saleability of the lease reduces and it becomes more costly to acquire a lease extension. For this reason it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this area.
Llandough Leasehold Conveyancing - Sample of Questions you should ask before buying
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Its a good idea to discover as much as possible about the company managing the block as they will impact your use and enjoyment of the property. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to every day matters such as the upkeep of the communal areas. Ask other people what they think of their management. In conclusion, investigate as to the dates that the maintenance fees are due to the managing agents and specifically what it includes. Is anyone aware of any major works in the near future that could add a premium to the service costs? What prohibitions exist in the Llandough Lease?
We have just had an offer accepted on our 1st house in Llandough, and are about to get solicitors appointed. We have used the numerous rating based websites and the quotes are from all across the England and Wales. Is it important to have a Llandough solicitor local to the prospective new home? I am happy to do all the communicating electronically, but I am thinking at some stage we may need to attend the conveyancer's office to sign papers?
The conveyancer does not have to be in Llandough, but choosing local means that you can attend their offices if you need to, for instance, if a signature is needed urgently. Also, a Llandough solicitor have established relationships with local agents and (if the vendor has chosen a local conveyancer) with them, which should help smooth the process.