My son is buying a new build apartment in Belford with a mortgage from Nottingham. His lawyer has advised him of a delay in receiving 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 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 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 Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

My wife and I are close to exchanging contracts on the sale of our home in Belford and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. A high street Belford conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers instructed an internet conveyancing outfit rather than a conveyancing solicitor in Belford. We have lived in Belford for three years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification need.

It would appear that you have a conveyancing lawyer already. Are they able to advise? You must check with 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 life insurance to cover that same sickness)

Is there anything unique about your site and other internet conveyancing brokers for conveyancing in Belford?

At this site secure a fixed fee quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Belford. Unlike many estate agents and brokerage sites we are not in the business of charging firms a commission if you appoint them for your conveyancing in Belford

In sourcing the world wide web for the term on line conveyancing in Belford it brings up numerous solicitorsin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for purchase transaction?

The preferential method of choosing a suitable conveyancer is via trusted testimonial, so enquire of friends and those you trust who have purchased a property in Belford or the respected estate agent or mortgage broker. Fees for conveyancing in Belford differ, so it's advisable to request a minimum of three quotes from varying types of solicitors. Dont forget to clarify that the fees are fixed.

When it comes to leasehold conveyancing in Belford what are the most frequent lease problems?

There is nothing unique about leasehold conveyancing in Belford. Most leases are drafted differently and legal mistakes in the legal wording can result in certain provisions are missing. The following missing provisions could result in a defective lease:

Service charge per centages that don't add up correctly leaving a shortfall A provision to repair to or maintain parts of the property

You could have difficulties when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Chelsea Building Society, and TSB all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to provide security, forcing the buyer to pull out.

I bought a 1 bedroom flat in Belford, conveyancing was carried out October 1995. How much will my lease extension cost? Equivalent flats in Belford with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 2090

With just 66 years remaining on your lease we estimate the price of your lease extension to be between £12,400 and £14,200 plus legals.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.