My god-son is in the process of securing a newly built flat in Bangor with a mortgage from Nottingham. His solicitor has said that there is a delay in receiving 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 engaged 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 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 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 property lawyer in Bangor is not on the Nottingham Building Society Approved Panel. Can I still use my prefered solicitor even though they are not on the Nottingham Building Society panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your preferred Bangor solicitors but Nottingham Building Society will need to use a lawyer on their list of acceptable firms. This will inevitably rack up the overall legal fees as well as cause frustration.
- Find an alternative lawyer to to deal with the purchase, not forgetting to check they are on the Nottingham Building Society panel
I know that there are debates on Chancel Insurance on online forums. Am I compelled to take this when purchasing a property in Bangor? or I am told that there is a law dating back centuries that means some homeowners residing in a parish church boundary may be liable to pay for repairs to the chancel in proximity to the church. Is this relevant for conveyancing in Bangor?
Unless a prior purchase of the property completed after 12 October 2013 you may assume that conveyancing practitioners carrying out conveyancing in Bangor to continue to suggest a chancel search and or chancel repair liability policy.
I need to find a conveyancing solicitor for some conveyancing in Bangor. I happened to chance upon a site which appears to be the ideal offering If there is a chance to get all formalities completed via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am in need of some leasehold conveyancing in Bangor. Before diving in I require certainty as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and most are in Bangor - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Bangor Leasehold Conveyancing - Sample of Queries Prior to buying
For many Bangor leaseholds the cost for major works are not built into the maintenance charges, although a few managing agents in Bangor require leaseholders to pay into a reserve fund and this is used to offset against major repairs or maintenance. The answer will be important as a) areas may result in problems in the building as the communal areas may begin to deteriorate where repairs remain unpaid b) if the tenants have an issue with the running of the building you will need to have all the details