Our son is in the process of securing a newly built flat in Harlington with a mortgage 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 valuer 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 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.
As someone unfamiliar with the Harlington conveyancing process what is your top tip you can impart for the home moving process in Harlington
Not many law firms or advisers will tell you this but conveyancing in Harlington or throughout North London is an adversarial process. Put another way, when it comes to conveyancing there is an abundance of room for conflict between you and others involved in the legal transfer of property. E.g., the seller, property agent and sometimes your bank. Appointing a law firm for your conveyancing in Harlington is a critical decision as your conveyancer is your adviser, and is the SOLE party in the process whose responsibility is to protect your legal interests and to keep you safe.
Sometimes a third party with a vested interest may try and convince you that you should follow their advice. For instance, the property agent may claim to be helping by suggesting your conveyancer is dragging his heels. Or your financial adviser may tell you to do take action that is against your lawyers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
Just had an offer accepted on a new build flat in Harlington. Conveyancing is necessary evil 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 conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Harlington
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 confirm the Lease plans are surveyor 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. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am looking for a ground for flat up to £235,500 and identified one near me in Harlington I like with a park and station nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Harlington in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
Should you need a home loan the shortness of the lease will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
I am looking into buying my first house which is in Harlington and I am already nervous. I couldn't find anything specific about Harlington. Conveyancing will be needed in due course but do you know about the Harlington area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Harlington. In the meantime here are some basic statistics that we found
I am in need of some leasehold conveyancing in Harlington. Before I set the wheels in motion I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and most are in Harlington - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Harlington. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the price.
An example of a Freehold Enfranchisement matter before the tribunal for a Harlington residence is 164 Nestles Avenue in October 2013. The tribunal agreed with the proposed price of £20,158 for the freehold and determined that that sum is the amount to be paid into court This case was in relation to 2 flats. The number of years remaining on the existing lease(s) was 69 years.