Our god-son is in the process of securing a new build apartment in Great Missenden with a mortgage from Principality. His lawyer has advised him of 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 Principality 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 Principality conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The conveyancers who handled the conveyancing in Great Missenden 10 years ago no longer exist. What are my next steps?
As long as you have a registered title the information relating to your proprietorship will be documented by HMLR under a Title Number. It is easy to carry out a search at the Land Registry, identify your house and order current copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will usually retain a certified duplicate of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
I decided to have a survey carried out on a house in Great Missenden prior to instructing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some banks may not grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Great Missenden. Conveyancing will be smoother if you use a solicitor in Great Missenden especially if they are accustomed to such properties in Great Missenden.
In sourcing the web for the term conveyancing in Great Missenden it brings up numerous solicitorsin the area. How do I determine which is the suitable conveyancer for me?
The best method of finding a suitable conveyancer is via trusted recommendation, so enquire of friends and those you trust who have bought a property in Great Missenden or a reputable estate agent or mortgage broker. Charges for conveyancing in Great Missenden differ, so it's a good idea to obtain a minimum of three fee estimates from different companies. Make sure that you know that the fees are fixed.
As a tenant I am liable for a maintenance contribution for my appartment in Great Missenden. As a result of flawed financial planning I fell into arrears with payments. I negotiated a clearance plan but there is still three thousand pounds currently due.
I want to dispose of the property and I am nervous that this could hold me back if I have to settle the arrears in advance. Do I have to settle before - is this practicable?
Do check with the conveyancer dealing with your Great Missenden conveyancing but one option might be to arrange for the debt to be transferred to the purchasers. The sale price due would be adjusted to reflect the amount of debt they take on. They could then deal with the outstanding monies once they are the owners.