Our son-in-law is in the process of securing a house that has just been built in Rotherhithe 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 form 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 Co-operative 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 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.
Is there a search tool that I can utilise to discover of the solicitor carrying out my conveyancing in Rotherhithe is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for TSB thus spending £192.00 in additional conveyancing charges.
You should make use of the find a lender approved solicitor tool on this web page. Pick the mortgage company and type ‘Rotherhithe’ or your preferred area and you will be presented with a number of lawyer based in Rotherhithe or nearest you.
I used Wolstenholmes several years past for my conveyancing in Rotherhithe. Now, I need the files but the law firm is no longer operating. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Rotherhithe of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a leasehold apartment up to £245,000 and found one near me in Rotherhithe I like with a park and railway links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Rotherhithe in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
Following months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Rotherhithe. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the premium.
An example of a Freehold Enfranchisement decision for a Rotherhithe flat is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The number of years remaining on the existing lease(s) was 101.61 years.
When it comes to leasehold conveyancing in Rotherhithe what are the most frequent lease defects?
There is nothing unique about leasehold conveyancing in Rotherhithe. All leases are unique and drafting errors can result in certain sections are not included. For example, if your lease is missing any of the following, it could be defective:
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Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Barclays , Coventry Building Society, and Alliance & Leicester all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the purchaser to pull out.
A conveyancing firm handled my conveyancing in Rotherhithe seven years past and was holding my deeds but has since been shut down – What steps do I now take to retreive these?
Deeds, as such, no longer exist as most homes in Rotherhithe are registered digitally at Land Registry. If you need to prove ownership or are disposing of or re-mortgaging your property lawyer should 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 with reasonable haste.