Our grandson is in the process of securing a house that has just been built in Eaglescliffe with a home loan from Kent Reliance. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document 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 Kent Reliance conveyancing panel as a standard part of the process, and to the surveyor 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 Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Why is leasehold purchase conveyancing in Eaglescliffe costs more?
The conveyancing fees for a leasehold premises in Eaglescliffe is inevitably greater when contrasted to a freehold property. This is due to the extra time necessary in communicating with the landlord and managing agents to obtain information about whether the rent and service charges have been cleared and whether there are any large sums expected to be spent in the near future on repairs or maintenance of the block.
My wife and I have a semi-detached Edwardian house in Eaglescliffe. Conveyancing solicitor represented me and Halifax. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Eaglescliffe and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing lawyer who conducted the purchase.
Due to the guidance of my in-laws I had a survey completed on a house in Eaglescliffe prior to appointing conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies may refuse to give a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Eaglescliffe. Conveyancing may be slightly more expensive based on your lender's requirements.
I am using a search engine for the term conveyancing in Eaglescliffe it shows results of numerous property lawyerslocally. With so much choice what is the best way to find the right conveyancer for purchase transaction?
The ideal way of finding a suitable conveyancer is via personal recommendation, so seek the counsel of friends and those you trust who have acquired a property in Eaglescliffe or a reputable estate agent or mortgage broker. Charges for conveyancing in Eaglescliffe vary, so it's advisable to request at least three fee estimates from varying types of companies. Make sure that you know that the charges are assured not to to be inflated.