My son-in-law is about to exchange on a house that has just been built in Hollywood with a mortgage from Yorkshire BS. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?

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 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 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.

How does conveyancing in Hollywood differ for new build properties?

Most buyers of new build residence in Hollywood approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is constructed. This is because developers in Hollywood usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hollywood or who has acted in the same development.

Is there anything unique about your site and other internet conveyancing solicitors when it comes to conveyancing in Hollywood?

At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Hollywood. Unlike many estate agents and brokerage sites we do not operate commission deals with solicitors. Many agents and online brokers 'recommend' the firm who pay the most commission, not the best value conveyancing in Hollywood

I am thinking of appointing a conveyancing lawyer in Hollywood for my home move. Is it possible to review a solicitor's complaints history with the profession’s regulator?

One may review presented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator may recorded telephone calls for training purposes.

I am employed by a long established estate agency in Hollywood where we have experienced a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given inconsistent advice from local Hollywood conveyancing solicitors. Could you clarify whether the vendor of a flat can initiate the lease extension formalities for the buyer?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.

An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Hollywood Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to Purchasing

Make sure you discover if there are any onerous prohibitions in the lease. For instance plenty of leases prohibit pets being allowed in in a block in Hollywood. If you love the apartmentin Hollywood yet your cat is not allowed to move with you then you will be faced difficult determination. In the main the outlay for major works tend not to be incorporated into the maintenance charges, although some managing agents in Hollywood ask tenants to contribute towards a reserve fund created for the specific intention of establishing a fund for major works. The answer will be useful as a) areas may result in problems for the block as the common areas may begin to deteriorate where maintenance are not paid for b) if the leaseholders have a dispute with the managing agents you will wish to have all the details