Our nephew is buying a newly built flat in Winscombe with a home loan from Clydesdale. His lawyer 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 Clydesdale 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 Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

I have been referred to a conveyancing solicitor in Winscombe. I need to find out whether they are accepted on the Lloyds TSB Bank conveyancing panel. Could you assist?

You should call the conveyancer and ask them if they are on the lender panel. Alternatively you should call Lloyds TSB Bank who may be able to assist.

It has been 3 months following my purchase conveyancing in Winscombe concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

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At this site obtain a conveyancing quote via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Winscombe. As opposed to estate agents and many comparison sites we are not in the business of charging firms a commission if you select them for your property ownership legalities in Winscombe

Last December I purchased a leasehold house in Winscombe. Do I have any liability for service charges for periods before completion of my purchase?

In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I inherited a ground floor flat in Winscombe, conveyancing having been completed August 1999. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Winscombe with a long lease are worth £185,000. The average or mid-range amount of ground rent is £65 per annum. The lease runs out on 21st October 2084

With just 60 years remaining on your lease the likely cost is going to range between £20,000 and £23,000 plus professional fees.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure 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 you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.