My son-in-law is purchasing a newly built flat in Resolven with a mortgage from Principality. His lawyer 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 engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Principality conveyancing panel as a standard part of the process, and to the surveyor 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 Principality conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My grandmother passed away six months ago and as sole heir and executor I was left the property in Resolven. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this allowed?
If you intend to refinance then Virgin Money will require that you use a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
Just bought a terraced house in Resolven , how long should it take for the Land Registry to record my proprietorship? My Resolven conveyancing solicitor has been painfully slow, so I want to check that my purchase is recorded.
As far as conveyancing in Resolven registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timescales can vary depending on who lodges the application, whether it is in order and whether the Land registry need to notify any other parties. As of today approximately 80% of submission are fully dealt with in less than three weeks but some can be subject to protracted delays. Historically registration occurs once the purchaser is living at the property therefore an expedited registration is not typically an essential issue yet if there is a degree of urgency associated with the registration then you or your conveyancer must communicate with the Registry to express the reasoning for an expedited registration.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one close by in Resolven I like with amenity areas and station nearby, the downside is that it only has 52 years on the lease. There is not much else in Resolven suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the shortness of the lease may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
I am a sole trader planning to lease a unit on a shopping parade. Can you recommend conveyancers offering no-sale-no charges for commercial conveyancing in Resolven for less than 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Resolven, including the sale and acquisition of businesses as well as simply premises. Whether you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we will find you the right solicitor. As for the costs these will vary based on the structure and terms of the proposed transaction. Please provide us with your contact information or call us so that we can furnish you with comprehensive commercial conveyancing calculation.
A licensed conveyancer handled my conveyancing in Resolven three years ago and was holding my deeds but has now closed – What can I do to get hold of these?
Title deeds, as such, are no longer appropriate for the majority of properties in Resolven are recorded digitally at Land Registry. Where you need to show evidence of proprietorship or are selling or refinancing your solicitor will need to obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.