My son is purchasing a house that has just been built in Berkhamsted with a mortgage from RBS. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the RBS 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 RBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am considering applying for a Principality mortgage for purchase of a new build (under development) in Berkhamsted with 60% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Principality ?
There is nothing to stop you using your solicitor, but Principality will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am selling my home. My former lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Berkhamsted if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Berkhamsted. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
As co-executor for the estate of my aunt I am disposing of a property in Monmouth but I am based in Berkhamsted. My lawyer (based 260 kilometers from meneeds me to execute a statutory declaration ahead of completion. Can you recommend a conveyancing practitioner in Berkhamsted to witness this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Berkhamsted
Expecting to complete next month on a ground floor flat in Berkhamsted. Conveyancing solicitors inform me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Berkhamsted should include some of the following:
-
The physical ownership of the demise. This may be the apartment itself but could also include a roof space or storage are if applicable. Your lawyers should enable you to have an understanding of the insurance provisions How long the lease is. You should receive guidance as what happens when the lease expires, and aware of the importance of the 80 year mark Repair and maintenance of the property You should know if the lease permits you to alter or upgrade anything in the premises- you should know whether any restrictions relates to all alterations or limited to structural alteration, and whether licences for alterations is required
I purchased a 2 bed flat in Berkhamsted, conveyancing having been completed July 2012. Can you work out an approximate cost of a lease extension? Equivalent flats in Berkhamsted with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease terminates on 21st October 2094
You have 69 years unexpired we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to provide 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 clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
Myself and my husband have just had an offer accepted on a apartment and had meeting on Wednesday with HSBC for the mortgage. They advised me that when it comes to selecting a conveyancer that unless they are on their approved panel of conveyancers then we will incur an additional charge of £200. This is because they will then have to instruct a solicitor to act on their behalf in addition to the one we select on our behalf and we are liable for their invoice. I have asked HSBC to supply me with a list so I can obtain estimates only from their approved lawyers but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
Ask HSBC what their panel criteria is for a solicitor.Thereafter ask the lawyer of your choice whether they meet the criteria and have they acted on loans for HSBC in the past. Where the answer to those is yes, then just clarify this with HSBC. Another option is to use our search tool and we should be able to identify a conveyancer in Berkhamsted on the approved list for HSBC.