Our grandson is purchasing a newly built flat in Abingdon with a home loan from . His conveyancer 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 engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the 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 conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can you clarify what the consequences are if my solicitor is removed from the Conveyancing panel ahead of completing my conveyancing in Abingdon?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
I own a semi-detached Victorian property in Abingdon. Conveyancing lawyer represented me and . I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for 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 Abingdon and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing lawyer who carried out the work.
I am a sole trader hoping to lease a unit on the high street. Can you recommend conveyancers offering no-move-no charges for non-domestic conveyancing in Abingdon for below £2000?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Abingdon, including the sale and purchase of businesses as well as simply property. Whether you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right lawyer. Regarding the charges these will vary based on the structure and complexity of the proposed transaction. Let us have your details or email us so that we can furnish you with a detailed commercial conveyancing calculation.
We're new on the property ladder - agreed a price, but the selling agent advised that the owners will only proceed if we use the agent's preferred solicitors as they need an ‘expedited deal’. We would rather use a local conveyancer who is familiar with conveyancing in Abingdon
It is improbable the sellers are driving this. Should the owner desire ‘a quick sale', turning down a genuine purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you will continue to appoint your own,trusted Abingdon conveyancing firm - not the ones that will give the estate agent a referral fee or meet his conveyancing thresholds set by HQ.