Our nephew is purchasing a newly built flat in Seven Sisters with a home loan from Co-operative. His conveyancer has advised him of 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 involved in the purchase. 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 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 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.
About to place an offer on a leasehold property in Seven Sisters. The estate agents say that it is standard for flats in Seven Sisters to have less than 75 years remaining. I am obtaining a mortgage with Accord Mortgages. Is this going to be a problem if the lease has 72 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 4/3/2026 the requirements read as follows :
If you had a top tip for choosing a conveyancing solicitor in Seven Sisters what would it be?
We would encourage you not to base your choice on the lowest Seven Sisters conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
I have been told by my solicitor that missing deeds insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Seven Sisters?
The right level of missing deeds indemnity insurance should be dictated by who your lender. It would differ for example between Nationwide Building Society and The Royal Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
When it comes to lenders such as Co-operative, do Seven Sisters solicitors incur a fee to be on the conveyancing panel?
We are not aware of any lender fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
I am looking for a flat up to £195,000 and identified one round the corner in Seven Sisters I like with open areas and station nearby, however it only has 61 remaining years left on the lease. There is not much else in Seven Sisters for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I'm converting the mortgage on my current house to a buy to let loan with Virgin Money and intend to use the remaining equity towards further property. The area we are talking about is Seven Sisters. Will your lawyers be able to act for the two mortgage companies and link together the conveyances?
Make use of our comparison tool on this site to ensure that the solicitors are approved by both banks. Having checked that they are the conveyancer will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and specify your desired outcome and requirements.
Having had my offer accepted I require leasehold conveyancing in Seven Sisters. Before diving in I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Seven Sisters - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Seven Sisters conveyancing firm to assist?
if there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to calculate the price.
An example of a Freehold Enfranchisement case for a Seven Sisters residence is 22 Wakefield Road in January 2012. Following a vesting order Clerkenwell and Shoreditch County Court under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993 on 9th May 2011 the Tribunal decided that the price that the Applicant for the freehold interest should pay is £17,400 This case related to 2 flats. The unexpired residue of the current lease was 74.13 years.