Our son is in the process of securing a house that has just been built in Seascale with a home loan from Kent Reliance. His solicitor has said that there is a delay in receiving 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 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.
Will commercial conveyancing searches disclose proposed roadworks that could affect a commercial land in Seascale?
Its becoming the norm that commercial conveyancing solicitors in Seascale will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Seascale. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Seascale.
For each commercial conveyancing transaction in Seascale it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Seascale commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Seascale.
I purchased a terraced Edwardian property in Seascale. Conveyancing solicitor represented me and Barclays . I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to 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 Seascale and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with your conveyancing lawyer who conducted the purchase.
I'm remortgaging my primary property to a buy to let mortgage with Halifax and intend to use the remaining equity as a down payment on further property. The neighborhood we are talking about is Seascale. Will your conveyancers be able to act for the two mortgage companies and tie in the conveyances?
Make use of our search tool on this page to be sure that the lawyers are on the relevant lender panels. On the basis that they are your lawyer will be able to connect the two conveyancing matters but you should talk with you lawyer and make clear your expectations and requirements.
Helen (my wife) and I may need to let out our Seascale ground floor flat temporarily due to taking a sabbatical. We instructed a Seascale conveyancing firm in 2001 but they have closed and we did not think at the time get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
Even though your previous Seascale conveyancing lawyer is no longer around you can review your lease to see if it allows you to sublet the property. The rule is that if the deeds are non-specific, subletting is permitted. There may be a precondition that you need to obtain consent from your landlord or some other party before subletting. This means that you cannot sublet without first obtaining permission. The consent must not not be unreasonably withheld. If your lease does not allow you to sublet you will need to ask your landlord if they are willing to waive this restriction.
I invested in buying a studio flat in Seascale, conveyancing was carried out 6 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Seascale with a long lease are worth £206,000. The average or mid-range amount of ground rent is £45 per annum. The lease ends on 21st October 2087
With only 66 years unexpired we estimate the price of your lease extension to be between £12,400 and £14,200 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.