It has come to my attention via my broker that my Hanham property lawyer is not on the bank Solicitor panel. What can I do to be sure if this is correct?
You need to call your Hanham conveyancer. You lawyer should advise you what has happened. Where they are not on the panel they may be able to suggest a Hanham conveyancing practice that is on the approved list of lawyers for your bank.
Our nephew is buying a newly built flat in Hanham with a home loan from Nationwide. His conveyancer has advised him of a delay in completing 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 involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nationwide 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 Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to instruct a local conveyancing solicitor in Hanham?
Do check but the the likelihood is that appoint one of their panel solicitors where you want the "fee-free" offer. Contact the lender to explore if they make available a cash alternative. Some lenders have previously offered a £250 cashback as a further option in which case that money can go towards the cost for your conveyancing solicitor in Hanham.
Have purchased a a detached house in Hanham , how long should it take for the Land Registry to record my ownership? My Hanham conveyancing solicitor works at snail pace, so I want to be certain the land registry aspects are dealt with.
There is nothing unique about conveyancing in Hanham registration formalities. Rather than based on location, timescales can differ subject to the party submitting the application, whether it is in order and whether the Land registry must send notices to any 3rd parties. At present roughly three quarters of such applications are fully dealt with in less than three weeks but some can be subject to extensive delays. Registration occurs after the purchaser is living at the property thus an expedited registration is not typically an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
I am looking for a flat up to £195,000 and found one close by in Hanham I like with a park and station nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Hanham suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.