Our son is purchasing a house that has just been built in Market Bosworth with a mortgage from TSB. His lawyer has advised him of a delay in completing 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 transaction. Therefore, it will be provided to your son’s lawyer who should be on the TSB 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We note that you have a post code search directory listing solicitors on the Skipton conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Market Bosworth?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Market Bosworth.
I decided to have a survey carried out on a house in Market Bosworth prior to retaining solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies tend refuse to grant a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Market Bosworth. Conveyancing will be smoother if you use a solicitor in Market Bosworth especially if they are acquainted with such properties in Market Bosworth.
How do I identify a Market Bosworth law firm on the Nationwide Building Society conveyancing panel? I have a car and am willing to travel upto 25kilometers to meet the conveyancer.
You can use the search on this website. Please choose the bank and your location and you will see a number of Market Bosworth conveyancing lawyers located nearest you. We have listed some Market Bosworth conveyancing firms at the bottom of this page and you can call them to see whether they are on the Nationwide Building Society panel
As co-executor for the will of my grandfather I am disposing of a residence in Newport but live in Market Bosworth. My lawyer (approximately 260 miles awayrequires that I sign a statutory declaration before the transaction finalising. Could you suggest a conveyancing solicitor in Market Bosworth to witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are located in Market Bosworth
I am employed by a long established estate agency in Market Bosworth where we have witnessed a number of leasehold sales derailed due to leases having less than 80 years remaining. I have received inconsistent advice from local Market Bosworth conveyancing firms. Can you confirm whether the seller of a flat can initiate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Market Bosworth Leasehold Conveyancing - A selection of Questions you should ask Prior to buying
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Who are the managing agents? Is there a share of the freehold? What prohibitions exist in the Market Bosworth Lease?