My son-in-law is in the process of securing a house that has just been built in Strawberry Hill with a mortgage from HSBC. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
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 HSBC 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 HSBC conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Why is leasehold purchase conveyancing in Strawberry Hill is more expensive?
Strawberry Hill leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who dealt with the conveyancing in Strawberry Hill 4 years ago have long since closed. Will I be able to sell the house?
These day there are duplicates made of almost everything, and your lawyer will know precisely where to look for all the relevant documentation so you can purchase or sell your property without a hitch. If duplicates can’t be located, your solicitor can arrange cover in the form of insurance or indemnities protecting you against possible claims on the property.
Due to the encouragement of my in-laws I had a survey completed on a property in Strawberry Hill before instructing solicitors. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some banks may not give a loan on this type of property.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you contact us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Strawberry Hill. Conveyancing will be smoother if you use a solicitor in Strawberry Hill especially if they are familiar with such properties in Strawberry Hill.
I'm refinancing my primary home to a buy to let loan with Barnsley Building Society and intend to use the remaining equity towards further house. The location we are looking at is Strawberry Hill. Will your conveyancers be able to act for both sets of banks and link together the conveyances?
Make use of our search tool on this site to check that the conveyancers are on the appropriate lender panels. On the basis that they are the solicitor will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and specify your desired outcome and requirements.
I have recently realised that I have 68 years left on my flat in Strawberry Hill. I need to extend my lease but my freeholder is can not be found. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to track down the lessor. For most situations an enquiry agent would be helpful to conduct investigations and prepare an expert document to be used as proof that the freeholder can not be located. It is wise to seek advice from a solicitor in relation to proving the landlord’s absence and the vesting order request to the County Court covering Strawberry Hill.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Strawberry Hill conveyancing firm to represent me?
Absolutely. We are happy to put you in touch with a Strawberry Hill conveyancing firm who can help.
An example of a Lease Extension case for a Strawberry Hill flat is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case affected 1 flat. The unexpired term was 60.45 years.