Our god-son is buying a new build apartment in Rotherham with a mortgage from Nottingham. 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 form 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 Nottingham conveyancing panel as a standard part of the process, and to the valuer 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 Nottingham 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 passed away six months ago and as sole heir and executor I was left the property in Rotherham. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Santander, pay off the mortgage. Is this possible?
Where you plan to re-mortgage then Santander will require that you use a conveyancer on the Santander conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Santander conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Santander mortgage is registered as a charge at the Land Registry.
The deeds to our house are lost. The lawyers who did the conveyancing in Rotherham 10 years ago are no longer around. Will I be able to sell the house?
You no longer need to hold title official documentation to establish that you own the land or property, as the Land Registry have everything they need in a digital format.
What tools are available to locate a Rotherham solicitor on the Britannia conveyancing panel? I have wheels and am prepared to travel upto 25miles to meet the conveyancer.
You can use the facility on this page. Please pick a bank and your location and you will see a number of Rotherham conveyancing lawyers based on proximity. We have listed some Rotherham conveyancing firms towards the end of this page and you can telephone them to see whether they are on the Britannia member panel
I am using a search engine for the phrase conveyancing in Rotherham it shows results of many solicitorslocally. With so much choice what is the best way to find the suitable conveyancer for me?
The ideal way of seeking the right conveyancer is via personal referral, so seek the counsel of friends and family who have purchased a property in Rotherham or the reputable estate agent or mortgage broker. Costs for conveyancing in Rotherham differ, so it's a good idea to obtain a minimum of four estimates from varying types of conveyancers. Dont forget to clarify that the charges are assured not to increase.
I today plan to offer on a house that seems to be perfect, at a great price which is making it all the more appealing. I have just discovered that the title is leasehold as opposed to freehold. I would have thought that there are issues purchasing a house with a leasehold title in Rotherham. Conveyancing advisers have are about to be instructed. Will they explain the issues?
The majority of houses in Rotherham are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. it is apparent that you are purchasing in Rotherham in which case you should be shopping around for a Rotherham conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’spermission to carry out changes to the property. It may be necessary to pay a service charge towards the maintenance of the estate where the house is part of an estate. Your conveyancer will advise you fully on all the issues.
I acquired a basement flat in Rotherham, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Rotherham with an extended lease are worth £190,000. The ground rent is £65 per annum. The lease ends on 21st October 2086
With 61 years unexpired the likely cost is going to span between £19,000 and £22,000 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.