My son is about to exchange on a newly built flat in Sandy with a mortgage from Barclays. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form 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 Barclays 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 Barclays conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are planning to purchase with Coventry BS. I went into a few high street firms but am unable to find a Sandy conveyancing firm on the Coventry BS approved list. Could you assist?
Feel free to make the most of the search tool on this web page. Please choose the building society and type Sandy or your location and you will see numerous conveyancers based in Sandy or by proximity to you.
What can a local search reveal regarding the house we're purchasing in Sandy?
Sandy conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search organisations such as Onsearch The local search is essential in every Sandy conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search will supply information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I have a renovated Victorian house in Sandy. Conveyancing solicitor acted for me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Sandy and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing lawyer who conducted the purchase.
I have been on the look out for a ground for flat up to £235,500 and found one close by in Sandy I like with open areas and transport links in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Sandy for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
A couple of months ago I was advised by my bank that their panel lawyers work on no sale no charge basis for conveyancing in Sandy. Our purchase fell through nevertheless the lawyers have requested search fees! They say the fees are nothing to do with their fees!
Sandy conveyancing search charges are separate expenses not legal fees as these are paid to a third party.