Our grandson is buying a house that has just been built in Havant with a mortgage from Barclays. His lawyer has said that there is 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 transaction. Therefore, it will be provided to your son’s lawyer who should be on the Barclays 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 Barclays conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My husband and I have organised the release of further funds on our home loan from Leeds Building Society as we intend to conduct renovations to our home in Havant. Are we obliged to choose a high street Havant solicitor on the Leeds Building Society conveyancing panel to deal with the paperwork?
Leeds Building Society do not ordinarily appoint a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society conveyancing panel.
Two weeks ago we had a mortgage agreed in principle with Lloyds. Havant conveyancing practitioners were instructed. How long does it take for Lloyds to send the offer to the lawyer?
There is no definitive answer here. Have Lloyds done the survey? Have you informed Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have a mortgage with HSBC for my property in Havant. Conveyancing has been completed months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform HSBC?
You must advise HSBC before letting out your property as this is likely to be a breach of HSBC’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. It should not be necessary to do this via a HSBC conveyancing panel firm.
My friend recommended that if I am buying in Havant I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Havant conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Havant around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Havant Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Havant Education with plans and statistics, Local Amenities and other useful information concerning Havant.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Havant?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Havant. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Is it possible to transfer to a new conveyancer as I have to retain one who is on the Accord Mortgages Ltd conveyancing panel. I hired a local conveyancing solicitor in Havant round the corner but he is not approved by Accord Mortgages Ltd
It would be our pleasure to assist you find a conveyancing solicitor in Havant on the Accord Mortgages Ltd panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Havant. In utilising search facility on this page, you can compare fees for conveyancing solicitors in Havant and throughout England and Wales.
I’m about to sell my 2 bed apartment in Havant. Conveyancing is yet to be initiated, but I have just received a yearly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as usual given that all rents and service charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I invested in buying a ground floor flat in Havant, conveyancing was carried out February 2001. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Havant with a long lease are worth £201,000. The ground rent is £45 invoiced every year. The lease finishes on 21st October 2085
With 65 years left to run the likely cost is going to range between £13,300 and £15,400 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.