My nephew is about to exchange on a new build apartment in Barbican with a home loan from Co-operative. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document 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 Co-operative conveyancing panel as a standard part of the process, and to the valuer 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 Co-operative conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I require fast conveyancing in Barbican as I have a deadline to sign on the dotted line inside 4 weeks. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not taking a home loan you have the choice not to do searches although no law firm would advise that you don't. Drawing on years of experience of conveyancing in Barbican the following are instances of what can be revealed and therefore affect the marketability of the property: Enforcement Notices, Overdue Charges, Outstanding Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly identified during conveyancing in Barbican?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Barbican. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Barbican and how can you help?
The particular law that you refer to provides security of tenure to business leaseholders, granting the right to apply to court for a new lease and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Barbican
Should I appoint a Barbican conveyancing lawyer in close proximity to the house I am hoping to buy? An old friend can handle the legal work however her office is 200kilometers drive away.
The primary upside of using a local Barbican conveyancing practice is that you can drop in to execute paperwork, present your identification documents and pester them where appropriate. Having local Barbican know how is a bonus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were impressed that must surpass using an unfamiliar Barbican conveyancing lawyer just because they are round the corner.
The financial adviser has recommended their property lawyer for my conveyancing in Barbican - won’t it be better to just instruct them?
You need to establish if the estate agent is recommending a property lawyer or introducing to a solicitor. There are plenty of Barbican selling agents who recommend two or three Barbican conveyancing firms purely based on those lawyers offering a great service.