My grandson is purchasing a house that has just been built in Romiley with a mortgage from Leeds Building Society. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form 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 Leeds Building Society 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 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 had intended to instruct a property lawyer in Romiley for our house purchase. Our broker informed us that our mortgage lenders Clydesdale won't deal with them. Why is this not regarded as unfair competition?
A lender may direct that an approved solicitor act for it. You would be expected to meet the charges for this. Do use our tool to choose a solicitor to conduct conveyancing in Romiley on the Clydesdale approved list of solicitors.
Due to the encouragement of my in-laws I had a survey completed on a property in Romiley ahead of retaining lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some banks may not issue a mortgage on such a property.
It depends who your proposed lender is. Santander has different requirements from Nationwide. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Romiley. Conveyancing will be smoother if you use a solicitor in Romiley especially if they regularly deal with such properties in Romiley.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Romiley?
At this site receive a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Romiley. Unlike many estate agents and many comparison sites we do not charge firms a commission if you appoint them for your property ownership legalities in Romiley
I only have 72 years remaining on my flat in Romiley. I need to extend my lease but my freeholder is absent. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to prove that you have done all that could be expected to track down the lessor. In some cases a specialist may be useful to conduct investigations and prepare a report which can be used as evidence that the landlord is indeed missing. It is wise to seek advice from a solicitor both on investigating the landlord’s absence and the vesting order request to the County Court overseeing Romiley.
I acquired a ground floor flat in Romiley, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Romiley with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease runs out on 21st October 2075
With 50 years left to run we estimate the price of your lease extension to span between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.