Our son-in-law is buying a house that has just been built in Denmark Hill with a home loan from Leeds Building Society. 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 Leeds Building Society 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 Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I purchased a freehold residence in Denmark Hill but nevertheless pay rent, why is this and what is this?
It is rare for properties in Denmark Hill and has limited impact for conveyancing in Denmark Hill but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
We are buying a house and the lawyer has identified Chancel Repair for which the property may be liable because it falls into the area of such a church. He has recommended insurance. Is this really appropriate for conveyancing in Denmark Hill
Unless a previous acquisition of the house completed after 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Denmark Hill to remain encouraging a chancel search and or chancel repair liability insurance.
Over the last few months I have been searching for a flat up to £195,000 and found one near me in Denmark Hill I like with a park and transport links nearby, however it only has 51 remaining years left on the lease. I can't really find anything else in Denmark Hill suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage that many years will likely be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
Given that I will soon spend 450k on a house in Denmark Hill I would like to have a conversation with the lawyer regarding thehome move before instructing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you liaising with the solicitor due to be carrying out your property ownership legalities in Denmark Hill.There is no ‘factory style conveyancing’ - every client is unique individual, not a case number. The law firms that we put you in touch with believe that the figure you are quoted for residential conveyancing in Denmark Hill should be the amount on the final invoice that you end up paying.
Been looking for a conveyancer for freehold sale conveyancing in Denmark Hill. I'm selling, simple no mortgage to discharge, no hurry, currently vacant. Had a quote from a property lawyer for £900 excluding VAT which is a tad steep considering its so straightforward. Can I pay less for conveyancing in Denmark Hill?
Considering it’s a sale only, £425 + VAT is likely to be about the best for sale conveyancing in Denmark Hill.