My son is in the process of securing a new build apartment in Shoreditch with a mortgage from Nottingham. His solicitor 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 involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Nottingham 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 Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am buying a house and require a conveyancing solicitor in Shoreditch who is on the Alliance & Leicester conveyancing. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Alliance & Leicester in certain locations such as Shoreditch. We dont recommend any particular firm.
I understand that there are debates on Chancel Insurance on online forums. Do I need this when purchasing a property in Shoreditch? or Apparently there is an ancient law that means some homeowners living in a parish church boundary will be compelled to contribute towards maintenance to the chancel within the church. Is this appropriate for conveyancing in Shoreditch?
Unless a prior acquisition of the property took place after 12 October 2013 you may expect solicitors delivering conveyancing in Shoreditch to continue to suggest a chancel search and or chancel repair liability insurance.
Due to the advice of my in-laws I had a survey completed on a property in Shoreditch ahead of retaining lawyers. I have been told that there is a flying freehold element to the property. The surveyor has said that some banks will refuse to give a mortgage on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Shoreditch. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shoreditch to see if the conveyancing will be more expensive.
My husband and I are new to the buying process - had an offer accepted, but the agent told us that the seller will only go ahead if we instruct the agent's preferred lawyers as they are insisting on an ‘expedited deal’. We would rather use a high street solicitor used to conveyancing in Shoreditch
We suspect that the seller is not behind this requirement. If they desire ‘a quick sale', alienating a motivated buyer is counter productive. Speak to the vendors direct and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to appoint your preferred Shoreditch conveyancing lawyers - not the ones that will earn their estate agent a introducer fee or achieve conveyancing thresholds pre-set by senior management.
I have just appointed agents to market my 2 bed flat in Shoreditch. Conveyancing solicitors are to be appointed soon, but I have recently had a quarterly maintenance charge invoice – Do I pay up?
It best that you clear the service charge as usual as all rents and maintenance charges will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Shoreditch conveyancing firm to act on my behalf?
Absolutely. We are happy to put you in touch with a Shoreditch conveyancing firm who can help.
An example of a Lease Extension case for a Shoreditch property is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case related to 2 flats. The unexpired term was 72.39 years.