Our son is purchasing a house that has just been built in Rotherham with a mortgage from TSB. His lawyer has said that there is a delay in completing 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 involved 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.
We see that you have a post code search directory identifying solicitors on the Leeds Building Society conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Rotherham?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Rotherham.
I am purchasing a property and need a conveyancing solicitor in Rotherham who is on the Birmingham Midshires solicitor. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Birmingham Midshires in certain locations such as Rotherham. We dont recommend any particular firm.
We're first time buyers - had an offer accepted, yet the agent advised that the seller will only issue a contract if we instruct their preferred solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Rotherham
We suspect that the owner is unaware of this requirement. If they desire ‘a quick sale', alienating a genuine purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and make sure they understand (a)you are keen to buy (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)but you are going to use your preferred Rotherham conveyancing lawyers - rather thanthose that will earn the estate agent a introducer fee or hit his conveyancing thresholds pre-set by senior management.
I've recently bought a leasehold property in Rotherham. Do I have any liability for service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a garden flat in Rotherham, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Rotherham with over 90 years remaining are worth £216,000. The average or mid-range amount of ground rent is £50 yearly. The lease finishes on 21st October 2092
With just 68 years unexpired we estimate the price of your lease extension to be between £9,500 and £11,000 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
We have been told by numerous friends that it may take six to eight weeks for Rotherham conveyancing to complete.This was 3 ago. The draft contract was only sent from the vendors conveyancing practitioner yesterday so now does it countdown?
You need to be realistic about timelines. Moving home in Rotherham takes on average about ten weeks. This time period is not due to solicitor being slow and purposely delay matters. The amount of money involved in buying any residence is so high, the buyer’s lawyer needing to raise a whole range of questions, searches and other checks to protect the purchaser and their lender (if there is to be a mortgage) from expensive, avoidable problems. Conveyancing in Rotherham involves seeking information from a range of third parties, for example other solicitor, local councils, private companies, building societies and banks. Some of these are efficient. Others are not. Finally, no matter how quickly your solicitor do their job, if the people you are buying from or are selling to aren't ready, nothing can move forward until they are up to speed.