My nephew is in the process of securing a new build apartment in Martlesham Heath with a home loan from HSBC. His lawyer 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 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 HSBC 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 HSBC conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Is there a search tool that I can use to find out if the solicitor carrying out my conveyancing in Martlesham Heath is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Accord Mortgages Ltd thus spending £187.00 plus VAT in supplemental conveyancing bill.
Please do make the most of the search tool on this web page. Please choose the lender and type ‘Martlesham Heath’ or your preferred area and you will discover numerous conveyancers offices in Martlesham Heath or nearest you.
Despite weeks of looking the Title Certificate and documents to my home are lost. The lawyers who handled the conveyancing in Martlesham Heath 5 years ago have long since closed. What do I do?
Assuming the title is registered the information relating to your ownership will be held by HMLR with a Title Number. It is easy to execute a search at the Land Registry, identify your property and obtain up to date copies of the Registered Entries for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases retain a file duplicate of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
The estate agent has sent us the confirmation of our purchase of a new build flat in Martlesham Heath. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Martlesham Heath
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There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
We're FTB’s - had an offer accepted, yet the selling agent has warned us that the vendor will only proceed if we use their chosen solicitors as they are insisting on a ‘quick sale’. We would rather use a local conveyancer who is familiar with conveyancing in Martlesham Heath
It is unlikely the owners are behind this. Should the owner require ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Try to communicate with the vendors directly and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you will continue to instruct your preferred Martlesham Heath conveyancing lawyers - not the ones that will earn their estate agent a referral fee or achieve conveyancing figures pre-set by head office.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £275,000 maisonette in Martlesham Heath next week. The freeholder has quoted £396 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Martlesham Heath?
Martlesham Heath conveyancing on leasehold apartments normally results in administration charges raised by management companies :
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Completing pre-exchange questions
Where consent is required before sale in Martlesham Heath
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I inherited a basement flat in Martlesham Heath, conveyancing was carried out February 1996. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Martlesham Heath with a long lease are worth £201,000. The ground rent is £45 invoiced every year. The lease terminates on 21st October 2089
With 64 years unexpired we estimate the price of your lease extension to range between £15,200 and £17,600 as well as legals.
The figure 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 investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.