My son is purchasing a newly built flat in Denton with a mortgage from UBS. His lawyer has advised him of 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 UBS 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 UBS 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 planning to acquire a property and require a conveyancing solicitor in Denton who is on the Platform Home Loans Ltd solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Platform Home Loans Ltd in certain locations such as Denton. We dont recommend any particular firm.
The estate agent has sent us the confirmation of our purchase of a new build flat in Denton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Denton
Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are architect prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Due to the guidance of my in-laws I had a survey completed on a house in Denton prior to instructing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some lenders tend not give a mortgage on such a property.
It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Denton. Conveyancing will be smoother if you use a solicitor in Denton especially if they regularly deal with such properties in Denton.
Should I be concerned about 3rd parties that I am dealing with are suggesting a national conveyancing firm rather than a local Denton conveyancing company?
As is the case with many service providers, often input from family and friends can be very helpful. Yet there are many players in a conveyancing deal; estate agents, mortgage brokers and banks might all put forward lawyers to retain. Sometimes the lawyers might be known to one of the organisations as one of the best in their field, but sometimes there might be a financial incentive behind the recommendation. You are at liberty to select your own lawyer. You need to be aware that the majority of lenders operate an approved list of conveyancers you are obliged to use for the lender related work in your transaction.
Can I find out who owns a house in Denton?
Provided the premises is registered with the Land Registry, and you have requisite details of the location of the premises, you will be able to view details from the HMLR of the recorded proprietor for a for less than a fiver.