Our nephew is buying a newly built flat in Primrose Hill with a home loan from Nottingham. His solicitor 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 purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nottingham 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 Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Are the BSA intent on creating a online directory to list law firms on the Loughborough BS conveyancing panel for instance in Primrose Hill?
Lexsure has not been advised of any plans on the part of the BSA to develop such a search facility.
Are there restrictive covenants that are commonly identified as part of conveyancing in Primrose Hill?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Primrose Hill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a flat up to £195,000 and found one near me in Primrose Hill I like with open areas and station in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Primrose Hill suitable, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the shortness of the lease will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
How do I use the search facility to locate a conveyancing solicitor in Primrose Hill on the approved list for my bank?
First select a bank such as Accord Mortgages Ltd, Barnsley Building Society or TSB then specify your location a common one being Primrose Hill. Conveyancing practices in Primrose Hill and beyond will then be listed.
Are all Primrose Hill solicitors on every bank conveyancing panel?
The Lexsure search tool on this page may be of use or you can go into your high street lender branch in Primrose Hill. Chances are that they can recommend conveyancing solicitors in Primrose Hill