My nephew is buying a new build apartment in Newhaven with a home loan from Barclays. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document 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 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 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 uncle pointed out to me me that in purchasing a property in Newhaven there could be a number of restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of a number of properties in Newhaven which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Newhaven should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am the only recipient of my late grandmother’s estate with all property in now in my sole name, including the house in Newhaven. The Newhaven property was put into my name in June. I now wish to sell up. I understand that there is a CML six month 'rule', which means that my property ownership may be considered the same way as if I'd bought the house in June. Will no one buy the property for half a year?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. many mortgage companies would take a pragmatic view as this provision primarily exists to identify subsales or the wholesaling and assigning of property.
The mortgage over my property is with Kent Reliance for my property in Newhaven. Conveyancing has been completed a year ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Kent Reliance?
You must advise Kent Reliance in advance of renting your property as this is likely to be a breach of Kent Reliance’s mortgage conditions. In many cases banks or building societies will allow you to rent 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 Kent Reliance directly. You need not do this via a Kent Reliance conveyancing panel lawyer.
I need some fast conveyancing in Newhaven as I have pressure to complete inside one month. Luckily I do not need a mortgage. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you have the choice not to do searches although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Newhaven the following are instances of what can appear and therefore impact market value: Refused Planning Applications, Outstanding Charges, Overdue Grants, Unadopted Roads,...
It has been 4 months since my purchase conveyancing in Newhaven concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 premises 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.
I am looking into buying my first house which is in Newhaven and I am already nervous. I couldn't find anything specific about Newhaven. Conveyancing will be needed in due course but do you know about the Newhaven area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Newhaven. In the meantime here are some basic statistics that we found
I need to instruct a conveyancing practitioner in Newhaven for my home move. Can I review a solicitor's complaints history with the legal regulator?
Anyone can see documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator could monitor call for training reasons.