My god-son is in the process of securing a newly built flat in London Colney with a mortgage from Santander. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 Santander conveyancing panel as a standard part of the process, and to the surveyor 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.
Can your site be used to locate a Conveyancing solicitor in London Colney even if I’m not buying or disposing of a house, for example where I want to buy an office in London Colney with a mortgage from Aldermore?
Our comparison service is mainly there to locate domestic conveyancing solicitors in London Colney but we have set out at the end of this page a few London Colney commercial conveyancing firms. You will need to make contact with the firm directly to establish if they can also act for Aldermore
Despite weeks of looking the Title Certificate and documents to my property can not be found. The conveyancers who dealt with the conveyancing in London Colney 10 years ago no longer exist. What are my options?
You no longer need to hold title deeds to evidence that you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
About to purchase a new build flat in London Colney. Conveyancing is necessary evil 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 conveyancing.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in London Colney
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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.
Due to the guidance of my in-laws I had a survey completed on a property in London Colney prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend not issue a mortgage on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in London Colney. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in London Colney to see if the conveyancing costs will increase in light of this.
Having had my offer accepted I require leasehold conveyancing in London Colney. Before I get started I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and almost all are in London Colney - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a 2 bed flat in London Colney, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in London Colney with a long lease are worth £180,000. The ground rent is £65 yearly. The lease finishes on 21st October 2084
With only 59 years remaining on your lease we estimate the premium for your lease extension to span between £20,900 and £24,200 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.