My nephew is purchasing a house that has just been built in Old St Mellons with a mortgage from Co-operative. His conveyancer has said that there is a delay in completing 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 involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Co-operative 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 Co-operative conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am the registered owner of a freehold premises in Old St Mellons yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Old St Mellons and has limited impact for conveyancing in Old St Mellons 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 creation of fresh 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 after 2037 will be extinguished.
We just had an offer accepted to purchase with Coventry BS. We have called around locally but cant to find a Old St Mellons conveyancing firm on the Coventry BS approved list. Can you assist?
You should take advantage of the find a lender approved solicitor tool on this site. Pick the lender and type Old St Mellons or your location and you will be presented with a number of lawyer based in Old St Mellons or near you.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Old St Mellons property lawyer on the Nationwide panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
Planning on purchasing a flat in Old St Mellons. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Old St Mellons property lawyer is on the RBS conveyancing panel.
RBS have agreed my mortgage in principle, my offer on a house in Old St Mellons has been agreed to, now what?
The estate agent will need to know who your solicitors are (be sure the lawyers are on the bank’s approved list). Call up RBS or your broker and complete any outstanding paperwork. RBS will instruct a valuer who will get in touch with the selling agent or owners to book a time for the valuation to occur. Once conducted (assuming no problems) it takes on average ten days to receive the mortgage offer. RBS will send the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Old St Mellons.
Given that I will soon part with hundreds of thousands of pounds on a two bedroom apartment in Old St Mellons I would like to have a conversation with the conveyancer about myhouse move before appointing the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the conveyancer due to be carrying out your conveyancing in Old St Mellons.There is no ‘factory style conveyancing’ - each client is unique individual, not a file reference. The law firms that we put you in touch with believe that the fees you are provided with for residential conveyancing in Old St Mellons should be the amount on the final invoice that you are charged.
I am 14 days into a freehold purchase having been recommend to a firm by the estate agent to execute conveyancing in Old St Mellons. We are not happy. Can you help me find new lawyers?
They would have to be very bad in order to consider diss instructing them. Has the mortgage offer been issued? In the event that it has you need to make them aware of the new contact details and have the loan are re-sent. Your solicitor ideally needs to be on the banks panel to avoid added fees and delays. So that should be your first question of the new lawyers. Our find a solicitor tool will help you find a lender approved lawyer for your conveyancing in Old St Mellons