Our son is buying a newly built flat in Colyton with a mortgage from Yorkshire BS. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?

The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Yorkshire BS 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 Yorkshire BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial estate in Colyton?

Its becoming the norm that commercial conveyancing solicitors in Colyton will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Colyton. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Colyton.

For every commercial conveyancing transaction in Colyton it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately could cause delays to Colyton commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Colyton.

Just acquired a detached house in Colyton , how long will it take for the Land Registry to register the transfer to my name? My Colyton conveyancing solicitor has been very slow, so I want to be certain the post completion formalities are concluded.

There is nothing unique when it comes to conveyancing in Colyton registration formalities. As opposed to being determined by geographic area, timescales can adjust according to the party submitting the application, whether it is in order and if the Land registry have to notify any third parties. As of today approximately three quarters of such applications are fully addressed within 12 days but occasionally there can be extensive hold-ups. Historically registration takes place once the new owner has moved in to the property so 'speed' is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.

Taking into account that I am about to part with 450k on a terraced house in Colyton I wish to talk to a conveyancer regarding theconveyancing ahead of giving the go ahead to the firm. Is this something that you can arrange?

We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer who will be doing your property ownership legalities in Colyton.There is no ‘factory style conveyancing’ - every client is unique person, not a matter reference. The solicitors that we put you in touch with believe that the fees you are provided with for residential conveyancing in Colyton should be the amount on the final invoice that you are charged.

Last February I purchased a leasehold house in Colyton. Do I have any liability for service charges for periods before completion of my purchase?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Colyton Conveyancing for Leasehold Flats - A selection of Queries Prior to buying

Best to be warned if a new roof is being put on or some other significant cost is coming up to be shared amongst the leasehold owners and may well materially impact the level of the maintenance fees or necessitate a one time payment. What prohibitions exist in the Colyton Lease? The majority of Colyton leasehold flats will incur a service bill for maintenance of the block invoiced by the freeholder. Where you buy the property you will have to meet this charge, normally quarterly accross the year. This may vary from two or three hundred pounds to thousands of pounds for blocks with lifts and large common areas. In all probability there will be a ground rent to be met yearly, this is usually not a significant amount, say around £50-£100 but you need to check as sometimes it could be prohibitively expensive.