My nephew is in the process of securing a newly built flat in Radyr with a mortgage from Clydesdale. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 Clydesdale conveyancing panel as a standard part of the process, and to the valuer 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 Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Finally the sale completed on my house in Radyr last April but the buyer keeps Skype messaging every few hours complaining that their lawyer is waiting to hear from mine. What are the post completion sale legalities following completion?
Following your sale your conveyancer should forward the transfer documentation and all additional paperwork to the purchaser's solicitors. If applicable, your solicitor should also evidence that the legal charge in favour of the lender has been discharged to the buyers conveyancers. There are no post completion tasks just for conveyancing in Radyr.
I have justdiscovered that Arc property Solicitors have been shut down. They conducted my conveyancing in Radyr for a purchase of a leasehold apartment 10 months ago. How can I check that the property is in my name in the name of the former proprietor?
The quickest way to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Radyr conveyancing specialists.
I am buying a new build apartment in Radyr. Conveyancing is a frightening process 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 legal work.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Radyr
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I need to retain a conveyancing solicitor for remortgage conveyancing in Radyr. I happened to discover a web site which seems to have the ideal answer If there is a chance to get all the legals done via web that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I own a leasehold house in Radyr. Conveyancing and Barnsley Building Society mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Radyr who previously acted has now retired. What should I do?
First contact HMLR to make sure that the individual purporting to own the freehold is indeed the new freeholder. It is not necessary to instruct a Radyr conveyancing solicitor to do this as it can be done on-line for £3. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Radyr Leasehold Conveyancing - Examples of Queries Prior to Purchasing
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How many of the leaseholders are in arrears for their service charge payments? How many years remain on the lease?