Our son-in-law is about to exchange on a house that has just been built in Countesthorpe with a home loan from Leeds Building Society. His lawyer 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 involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society 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 Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I decided to have a survey carried out on a house in Countesthorpe prior to appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some lenders will refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Countesthorpe. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Countesthorpe and I am already nervous. I couldn't find anything specific about Countesthorpe. Conveyancing will be needed in due course but do you know about the Countesthorpe area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Countesthorpe. In the meantime here are some basic statistics that we found
My husband and I are a couple of weeks into a freehold purchase having been recommend to solicitors by the high street agent to execute conveyancing in Countesthorpe. I am am starting to be dissatisfied with the level of service. Could you help me find new lawyers?
A solicitor would have to be really bad in order to consider replacing them. Has the mortgage offer been issued? In the event that it has you must advise them of the new contact details and get the offer are re-sent. Your new solicitor ideally needs to be on the banks approved list to avoid supplemental costs and complications. That should be your starting point. Our search tool can assist you in finding a lender approved lawyer for your home move in Countesthorpe
I am on look out for some leasehold conveyancing in Countesthorpe. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is recorded at the land registry - and most are in Countesthorpe - 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.
I am the registered owner of a 2 bed flat in Countesthorpe, conveyancing having been completed in 2012. Can you work out an approximate cost of a lease extension? Corresponding flats in Countesthorpe with over 90 years remaining are worth £202,000. The ground rent is £60 charged once a year. The lease runs out on 21st October 2076
With 57 years left to run we estimate the price of your lease extension to be between £28,500 and £33,000 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.