Our grandson is about to exchange on a newly built flat in Parsons Green with a home loan from Santander. His solicitor 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 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 Santander 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are planning to acquire a flat and require a conveyancing solicitor in Parsons Green who is on the Virgin Money conveyancing panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in Parsons Green.
five months have gone by following my purchase conveyancing in Parsons Green completed. I have checked the Land Registry website which shows that I paid £200,000 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 property 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.
How does conveyancing in Parsons Green differ for newly converted properties?
Most buyers of new build premises in Parsons Green contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in Parsons Green tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Parsons Green or who has acted in the same development.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £425,000 apartment in Parsons Green on Monday in a week. The managing agents has quoted £372 for Landlord’s certificate, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Parsons Green?
Parsons Green conveyancing on leasehold maisonettes ordinarily involves fees being invoiced by managing agents :
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Addressing conveyancing due diligence questions
Where consent is required before sale in Parsons Green
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Parsons Green conveyancing firm to help?
Absolutely. We can put you in touch with a Parsons Green conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Parsons Green premises is 66 and 66a Wardo Avenue in November 2012. The Tribunal determined that the sum of £8,048 is payable by the Applicants in respect of the price for the freehold of the property This case affected 2 flats. The unexpired term was 93 years and 162 years.
At what point do I incur stamp duty due for my purchase in Parsons Green?
Your conveyancer should fill out a stamp duty return on your behalf during your Parsons Green purchase transaction for you to sign. On completion your lawyer will submit your STL application to the Inland Revenue and - as long as they have the funds - discharge any tax bill liability on your behalf.