My son-in-law is buying a newly built flat in Greenhithe with a mortgage from Bank of Ireland. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland 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 Bank of Ireland 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 purchasing a terraced house in Greenhithe. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Greenhithe you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Greenhithe.
I have been told that property searches are the main reason for delay in Greenhithe conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Greenhithe.
I'm refinancing my current home to a BTL mortgage with Britannia and I will use the ballance of the raised equity as a down payment on another property. The area we are looking at is Greenhithe. Will your conveyancers be able to act for the two mortgage companies and tie in the conveyances?
Make use of our comparison tool on this page to check that the lawyers are approved by both mortgage companies. Assuming that they are your conveyancer will be able to connect the two deals but you should talk with you lawyer and specify your expectations and needs.
There are only Sixty One years remaining on my flat in Greenhithe. I am keen to get lease extension but my freeholder is absent. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. You will be obliged to demonstrate that you have done all that could be expected to locate the lessor. In some cases an enquiry agent may be useful to carry out a search and prepare an expert document to be used as evidence that the landlord can not be located. It is advisable to get professional help from a property lawyer both on proving the landlord’s absence and the vesting order request to the County Court covering Greenhithe.
I am the registered owner of a two-bedroom flat in Greenhithe. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium payable for a lease extension?
Most certainly. We can put you in touch with a Greenhithe conveyancing firm who can help.
An example of a Lease Extension case for a Greenhithe property is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case related to 13 flats. The unexpired residue of the current lease was 76 years.
Do I have to visit the offices of the bank conveyancing panel solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Greenhithe so that I can pop in to their offices when needed.
Most conveyancing panel lawyers for the bank undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in Greenhithe. it would nevertheless be wise to check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.