My god-son is in the process of securing a new build apartment in Yiewsley with a home loan from . His solicitor has advised him of 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 engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the 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 conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
It is 10 years ago since I purchased my home in Yiewsley. Conveyancing solicitors have just been instructed on the sale but I can't track down my title documents. Will this cause complications?
You need not be too concerned. First there is a chance that the deeds will be with your mortgage company or they may be in the possession of the conveyancers who handled your purchase. Secondly the chances are that the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers obtaining up to date copy of the land registers. The vast majority of conveyancing in Yiewsley involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is not insurmountable.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need this when purchasing a residence in Yiewsley? or I am told that there is a law dating back centuries that could mean that homeowners residing in a parish church boundary will be compelled to contribute towards maintenance to the chancel within the church. Is this a legitimate concern for conveyancing in Yiewsley?
Unless a prior purchase of the house took place post 12 October 2013 you can assume that lawyers carrying out conveyancing in Yiewsley to continue to recommend a chancel search and or insurance against a claim.
I have todaybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Yiewsley for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The quickest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Yiewsley conveyancing specialists.
Due to the advice of my in-laws I had a survey completed on a property in Yiewsley before appointing solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies may not issue a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Yiewsley. Conveyancing will be smoother if you use a solicitor in Yiewsley especially if they are familiar with such properties in Yiewsley.