My son-in-law is purchasing a house that has just been built in Woodford with a home loan from Leeds Building Society. His lawyer 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 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 Leeds Building Society conveyancing panel as a standard part of the process, and to the surveyor 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 Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
It has been five months following my purchase conveyancing in Woodford concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the input of my in-laws I had a survey completed on a property in Woodford ahead of retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend not give a loan on a flying freehold home.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Woodford. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Woodford cover?
Woodford conveyancing for business premises covers a broad array of advice, supplied by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
In my capacity as executor for the estate of my grandmother I am selling a house in Swansea but I am based in Woodford. My lawyer (based 200 miles from meneeds me to execute a stat dec before completion. Could you suggest a conveyancing lawyer in Woodford to attest and place their company stamp on the document?
strictly speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Woodford based
How much will conveyancing in Woodford cost?
The amount you are levied for conveyancing in Woodford are likely to be calculated at:
- a set sum; or
- an hourly rate (i.e. the time spent on the particular case).
In reality very few Woodford conveyancing practices invoice on an hourly basis