Our nephew is purchasing a new build apartment in Molesey with a home loan from UBS. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the UBS conveyancing panel as a standard part of the process, and to the surveyor 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 UBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What can a local search tell me about the property we're purchasing in Molesey?
Molesey conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company for instance Searches UK The local search is essential in every Molesey conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
It has been three months since my purchase conveyancing in Molesey completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Molesey is the location of the property. Can you offer any opinion?
Flying freeholds in Molesey are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Molesey you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Molesey may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Should I go with a Molesey conveyancing lawyer based in the area that I am hoping to buy? I have an old university friend who can execute the legal work but her office is over three hundred miles away.
The primary upside of using a local Molesey conveyancing practice is that you can pop in to execute paperwork, hand in your identification documents and pester them if necessary. They will also have local intelligence which is a benefit. However nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and the majority were content that must trump using an unknown Molesey conveyancing lawyer just because they are based in the area.
My brother purchased his flat in Molesey 9 years ago. He has been wed, widowed and is now married again. He now intends to dispose of the Molesey property. I believe he will simply be need to supply copies of his marriage certificates to the conveyancing practitioner but he is worried it will frustrate the home move. Should he instruct a conveyancer to update the Land Registry documents for the house?
The is no need to bring up to date the register as long as you have the proof required to show how the name change occurred.
Any buyer’s property lawyer will examine the title entries and ask for evidence to establish the name change e.g. marriage certificates.