Our son is buying a new build apartment in Elmers End with a mortgage from TSB. His conveyancer 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 TSB 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having sold my house in Elmers End last January but our buyer keeps e-mailing me complaining that their solicitor is waiting to hear from mylawyer. What should have happened following completion?
Following your disposal your lawyer should deliver the transfer documentation and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor must also confirm that the legal charge in favour of the lender has been discharged to the buyers solicitors. There is unlikely to be post completion steps peculiar conveyancing in Elmers End.
We wanted to use a conveyancing solicitor in Elmers End for our house move. Our financial adviser informed us that our mortgage company Chelsea Building Society won't deal with them. Surely this is unfair competition?
Mortgage Companies tend to imposes restrictions either the type or the amount of conveyancing solicitors on their member panel. Typical examples of such restriction(s) being that a law practice must have two or more partners. In addition to restricting the type of firm, some have limited the number of firms they permit to act for them. Be aware that Chelsea Building Society have no responsibility for the quality of advice provided by any member of Chelsea Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels since 2008 even though there are mixed views concerning the level of solicitor engagement in some of that fraud. Data from the Land Registry indicate that hundreds of law firms, including some in or near Elmers End only carry out a couple conveyances per annum.
I have recentlybeen informed that Wolstenholmes have closed. They conducted my conveyancing in Elmers End for a purchase of a leasehold apartment 12 months ago. How can I check that my home is not still registered in the name of the previous owner?
The quickest method to check if the premises is in your name, you can make 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 Elmers End conveyancing specialists.
Just had an offer accepted on a new build apartment in Elmers End. Conveyancing is a frightening process 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 is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Elmers End
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. 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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
What can I do to find out who is the owner of a property in Elmers End?
As long as the property is registered with the Land Registry, and you have the specifics of the address of the premises, you will be able to obtain details from the the Land Registry of the registered proprietor for a for less than a fiver.