Our son-in-law is in the process of securing a new build apartment in Sunbury with a home loan from Lloyds. His solicitor 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 engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Lloyds 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 Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
When it comes to mortgage companies such as Santander, do Sunbury conveyancing practitioners incur a yearly amount to be on the list of approved solicitors?
We are not aware of any lender fees to be on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Last month we had a mortgage agreed in principle with Santander. Sunbury conveyancing practitioners were selected. What is the average time that one could expect to receive a mortgage offer from Santander?
Some lenders take longer than others. Have Santander completed the survey? Have you informed Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am currently in the process of buying my council flat in Sunbury. I have a mortgage offer with Skipton. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
Due to the advice of my in-laws I had a survey completed on a house in Sunbury ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some banks may not grant a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Sunbury. Conveyancing will be smoother if you use a solicitor in Sunbury especially if they are acquainted with such properties in Sunbury.
I am downsizing from my home. My previous solicitors closed down. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Sunbury if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Sunbury. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just discovered that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Sunbury. Conveyancing advisers have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Sunbury ?
Most houses in Sunbury are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Sunbury in which case you should be shopping around for a Sunbury conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the freeholder’spermission to carry out alterations. You may also be required to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your conveyancer will appraise you on the various issues.
My wife and I have hit a brick wall in trying to purchase the freehold in Sunbury. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Sunbury conveyancing firm who can help.
An example of a Lease Extension case for a Sunbury premises is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case was in relation to 1 flat. The remaining number of years on the lease was 82.93 years.
I require the services of a bank panel solicitor in Sunbury. Can you assist?
Unfortunately it’s not apparent why you need a Sunbury panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in Sunbury are on their panel . If you do find such a firm in Sunbury not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site