My nephew is about to exchange on a newly built flat in Raynes Park with a home loan from Aldermore. His solicitor has advised him of 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 form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Aldermore 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 Aldermore conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Is it the case that all Raynes Park solicitor practices on the Aldermore conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Aldermore conveyancing panel they would need to be governed by the SRA. Some banks do permit licenced conveyancers on their panel and in that case the firms would be governed by the CLC.
I am selling my house. I had a double glazing fitted in April 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Kent Reliance are being difficult. The Raynes Park solicitor who is on the Kent Reliance conveyancing panel is saying indemnity insurance will be fine but Kent Reliance are requiring a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Our sealed bid on a semi in Raynes Park has been agreed to, the sellers do however have an associated purchase. The sellers have put an offer on a flat, however it’s not yet agreed to, and are looking at other flats in the pipeline. I have chosen a local conveyancing solicitor in Raynes Park. What should be my next step? When should I get the mortgage application with Nottingham started?
It is usual to have apprehensions where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then valuation, Raynes Park conveyancing search charges, etc). The first thing to do is ensure that your property lawyer is on the Nottingham approved list. Concerning the next steps this very much dictated by the specifics of your case, attraction to this property and on the state of the market. In a buoyant market many purchasers will apply for a home loan with Nottingham and pay for the valuation and only if it comes back ok would they ask their conveyancer to proceed with the conveyancing in Raynes Park.
Do I need to take out insurance to cover chancel repairs when buying a residence in Raynes Park?
Unless a prior acquisition of the property completed post 12 October 2013 you can take it that lawyers delivering conveyancing in Raynes Park to remain encouraging a chancel search and or chancel repair liability policy.
I have been recommended by a number of property agents in Raynes Park to get a quote from a solicitor on your site. What’s the financial upside for Estate Agents to offer your lawyers over another?
We don’t give any commission for pointing buyers and sellers to this site. We found it would be just too difficult to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
We are 17 days into a freehold purchase having been directed to solicitors by the estate agent to perform conveyancing in Raynes Park. I am not happy. Could you you assist me in finding new lawyers?
A solicitor would have to be really poor to suggest replacing them. Has your mortgage offer been generated? In the event that it has you need to advise them of the replacement conveyancer and have the offer are issued to the new lawyers. The conveyancer should be on the lenders panel to avoid added charges and delays. That should be your first question of the new conveyancers. Our find a solicitor tool can help you find a bank approved lawyer for your home move in Raynes Park
What advice can you give us when it comes to appointing a Raynes Park conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Raynes Park conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with two or three firms including non Raynes Park conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
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What are the legal fees for lease extension conveyancing? If they are not ALEP accredited then why not?
We have reached the end of our tether in trying to purchase the freehold in Raynes Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We can put you in touch with a Raynes Park conveyancing firm who can help.
An example of a Lease Extension case for a Raynes Park premises is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case affected 1 flat. The number of years remaining on the existing lease(s) was 60.43 years.