My god-son is purchasing a house that has just been built in Woldingham with a home loan from Skipton. 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 Skipton 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 Skipton 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 selling our home in Woldingham and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Woldingham lawyer would know that there is no such problem. For the life of me I don't know why the purchasers are using a nationwide conveyancing practice as opposed to a conveyancing solicitor in Woldingham. We have lived in Woldingham for three years we know that this is a non issue. Should we get in touch with our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Woldingham I like with open areas and station nearby, however it only has 49 remaining years left on the lease. There is not much else in Woldingham for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Given that I am about to spend £400,000 on a two bedroom apartment in Woldingham I would like to talk to a solicitor concerning theconveyancing before appointing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor due to be carrying out your conveyancing in Woldingham.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Woldingham should be the figure that you end up paying.
We are 3 weeks into a leasehold purchase having been recommend to conveyancers by the high street agent to handle our conveyancing in Woldingham. We are not happy. Could you you assist me in finding new conveyancers?
They would have to be very poor to suggest changing them. Has your loan offer been sent? In the event that it has you need to make them aware of the new contact details and ensure the mortgage documents are re-sent. The solicitor ideally needs to be on the mortgage company panel to avoid escalating fees and delays. That should be your first question of the new lawyers. The find a solicitor tool should help you find a lender approved solicitor for your conveyancing in Woldingham
Following years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Woldingham. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to determine the amount due.
An example of a Freehold Enfranchisement case for a Woldingham residence is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case affected 3 flats. The unexpired residue of the current lease was 75 years.
In relation to leasehold conveyancing in Woldingham what are the most common lease defects?
There is nothing unique about leasehold conveyancing in Woldingham. All leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are not included. The following missing provisions could result in a defective lease:
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A provision for the recovery of money spent for the benefit of another party. Insurance obligations
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Skipton Building Society, and TSB all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, obliging the buyer to withdraw.