Our nephew is purchasing a house that has just been built in North Woolwich with a home loan from Aldermore. 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 document is intended to provide information to the main parties engaged 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 valuer 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.
I own a freehold property in North Woolwich yet charged rent, why is this and what is this?
It’s unusual for properties in North Woolwich and has limited impact for conveyancing in North Woolwich but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
2 months have gone by following my purchase conveyancing in North Woolwich took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in North Woolwich. Conveyancing is daunting 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 is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in North Woolwich
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. There must be mutual enforceability of lessee’s covenants.
I am looking to sell my house. My previous lawyers closed down. I am in need of a recommendation of a conveyancing firm. Im based in North Woolwich if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in North Woolwich. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
My aunt completed her conveyancing in North Woolwich Six years ago. She has since got married, divorced and in recent months got remarried. She wishes to market the property next moths. I think she will just be requested to provide a copy of her marriage papers to the conveyancer however she is worried it will hold up the house move. Should she instruct a conveyancing practitioner to update the Land Registry details for the house?
The is no need to bring up to date the title for the property as long as you have the evidence required to show how the change of name resulted.
The purchaser’s property lawyer should examine the land registry information and need evidence to establish the change of name for instance marriage certificates.