Our god-son is about to exchange on a newly built flat in Tottenham Hale with a mortgage from TSB. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the transaction. 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 surveyor 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 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 am assisting my mother sell her house in Tottenham Hale. Does the conveyancing solicitor order an energy performance certificate or do I organise this?
After the demise of Home Packs, energy performance certificates became a mandatory component of selling a house. An energy performance certificate must be to hand before the property is marketed. This is not something that conveyancers ordinarily arrange. If you are using a Tottenham Hale conveyancing lawyer they may be able to arrange EPC’s due to their relationships with reputable local energy assessors
I had a mortgage agreed in principle with Santander. Tottenham Hale conveyancing lawyers were chosen. How long does it take for Santander to issue the offer to the solicitor?
There is no definitive answer here. Have Santander completed the valuation? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Intending to buy a maisonette in Tottenham Hale. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Tottenham Hale property lawyer is on the Kent Reliance conveyancing panel.
My wife and I have a renovated Georgian house in Tottenham Hale. Conveyancing solicitor acted for me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: the first freehold, another for leasehold under the matching property. Is it worth asking Nationwide Building Society to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tottenham Hale and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing lawyer who carried out the work.
I have been on the look out for a flat up to £245,000 and identified one near me in Tottenham Hale I like with open areas and station nearby, however it's only got 52 remaining years left on the lease. There is not much else in Tottenham Hale suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
My father-in-law has encouraged me to instruct his conveyancing solicitors in Tottenham Hale. Should I use them?
Much as we are happy to recommend a Tottenham Hale conveyancing lawyer the best way to find a conveyancing solicitor is to get referrals from friends or family who have actually experience in using the solicitor you're are thinking of instructing.
I pay a maintenance contribution for my appartment in Tottenham Hale. Due to losing my job and personal issues I slipped behind with remittance. I negotiated a settlement schedule but there is still three thousand pounds due to be paid.
I now wish to dispose of the property and I am panicking this could hold me back if I have to settle the arrears in advance. I'd like to sell up and then pay them back with the completion monies - is this achievable?
Do clarify with the property lawyer dealing with your Tottenham Hale conveyancing but it may be possible to agree for the outstanding amount to be transferred to the buyers. The final price they pay would be adjusted to reflect the amount of debt they assume. They would then pay the fees post completion of the purchase.