My son is in the process of securing a newly built flat in Lynton with a mortgage from RBS. His lawyer has said that there is a delay in receiving 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 RBS 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 RBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Are there restrictive covenants that are commonly identified during conveyancing in Lynton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Lynton. 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…’
Due to the guidance of my in-laws I had a survey completed on a house in Lynton in advance of instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may refuse to issue a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Lynton. Conveyancing will be smoother if you use a solicitor in Lynton especially if they are accustomed to such properties in Lynton.
What makes your site different to alternative internet conveyancing brokers when it comes to conveyancing in Lynton?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Lynton. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you choose them for your property ownership legalities in Lynton
Can you offer any advice when it comes to appointing a Lynton conveyancing practice to deal with our lease extension?
When appointing a solicitor for your lease extension (regardless if they are a Lynton conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Lynton conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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Can they put you in touch with clients in Lynton who can give a testimonial? How many lease extensions have they carried out in Lynton in the last twenty four months?
Lynton Leasehold Conveyancing - Sample of Queries before buying
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How many years remain on the lease? How is the lease structured? The answer will be important as a) areas could cause problems in the block as the communal areas may start to deteriorate where repairs remain unpaid b) if the leaseholders have an issue with the running of the building you will wish to know about it
My conveyancing in Lynton completes next Friday, but the person I am buying from wishes to move out the next day at at 2pm. Can I accept this?
In situations where you are having a bank loan then your solicitor will require that the premises arevacant on Friday - the bank will demand it.