My god-son is about to exchange on a new build apartment in Rawcliffe with a mortgage from TSB. His solicitor has advised him of 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 engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the TSB conveyancing panel as a standard part of the process, and to the valuer 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I purchased a freehold premises in Rawcliffe yet charged rent, why is this and what is this?
It is rare for properties in Rawcliffe and has limited impact for conveyancing in Rawcliffe but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
We hope to to buy with Coventry BS. We have called around locally yet cant to find a Rawcliffe conveyancing firm on the Coventry BS panel. Please you help?
Feel free to make the most of the search tool on this page. Please choose the mortgage company and type Rawcliffe or your preferred area and you will be presented with a number of lawyer offices in Rawcliffe or by proximity to you.
I have a semi-detached Edwardian house in Rawcliffe. Conveyancing solicitor represented me and Yorkshire Building Society. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Rawcliffe and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing lawyer who conducted the conveyancing.
I need to find a conveyancing solicitor for remortgage conveyancing in Rawcliffe. I've stumble upon a site which appears to be the ideal solution If there is a chance to get all this stuff done via phone that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Do you have any top tips for leasehold conveyancing in Rawcliffe from the perspective of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Rawcliffe can be reduced where you appoint lawyers as soon as you market your property and request that they start to collate the leasehold information needed by the buyers’ solicitors. If you have had conflict with your freeholder or managing agents it is essential that these are resolved before the property is put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where a dispute is unresolved. You may need to swallow your pride and pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over as opposed to unresolved. If you have the benefit of shareholding in the Management Company, you should ensure that you have the original share certificate. Obtaining a duplicate share certificate can be a lengthy process and frustrates many a Rawcliffe home move. If a new share certificate is necessary, you should approach the company officers or managing agents (if applicable) for this sooner rather than later. In the event that you altered the property did you need the Landlord’s consent? In particular have you laid down wooden flooring? Rawcliffe leases often stipulate that internal structural changes or installing wooden flooring calls for a licence issued by the Landlord consenting to such alterations. Should you fail to have the paperwork in place you should not communicate with the landlord without checking with your solicitor in the first instance.
I am the registered owner of a ground floor flat in Rawcliffe, conveyancing formalities finalised 5 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Rawcliffe with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease comes to an end on 21st October 2079
With just 55 years remaining on your lease we estimate the premium for your lease extension to span between £31,400 and £36,200 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first seeking the advice of a professional.