Our god-son is about to exchange on a house that has just been built in Todmorden with a mortgage from Bank of Ireland. 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 document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland 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 Bank of Ireland 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 purchasing a house and require a conveyancing solicitor in Todmorden who is on the Nottingham solicitor panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Todmorden.
Our bank has suggested a law firm on their panel based in Todmorden but I would rather choose a conveyancing lawyer in Todmorden local to me. Can you assist?
Far from all Todmorden conveyancing solicitors are on all lender’s conveyancing panel. Do make the most of the above find an approved solicitor tool to locate a Todmorden conveyancing conveyancer on the on the lender panel.
I'm remortgaging my existing home to a BTL loan with Yorkshire Building Society and intend to use the remaining equity as a down payment on further house. The area we are interested in is Todmorden. Will your solicitors be able to act for both sets of banks and link together the two deals?
Make use of our comparison tool on this site to check that the solicitors are approved by both banks. Having checked that they are the solicitor should be able to tie up the two conveyancing matters but you should talk with you lawyer and make apparent your expectations and needs.
My husband and I are novice buyers - had an offer accepted, but the estate agent has warned us that the owners will only issue a contract if we appoint their chosen conveyancers as they are insisting on a ‘quick sale’. We would rather use a high street solicitor accustomed to conveyancing in Todmorden
We suspect that the seller is unaware of this demand. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is is going to put the whole deal at risk. Try to communicate with the owners directly and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to instruct your preferred Todmorden conveyancing lawyers - rather thanthose that will give their negotiator at the agency a commission or meet his conveyancing figures demanded by HQ.
I’m about to sell my ground floor apartment in Todmorden. Conveyancing solicitors are to be appointed soon, however I have recently received a yearly maintenance charge demand – what should I do?
The sensible thing to do is discharge the maintenance contribution as you normally would because all rents and maintenance invoices should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until 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. This will smooth the conveyancing process.
I own a ground floor flat in Todmorden, conveyancing formalities finalised half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Todmorden with over 90 years remaining are worth £260,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease terminates on 21st October 2099
You have 74 years remaining on your lease we estimate the price of your lease extension to range between £8,600 and £9,800 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.