Our nephew is buying a house that has just been built in Atherstone with a home loan from Principality. His conveyancer 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 involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Principality 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 Principality conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have recentlyfound out that Wolstenholmes have been shut down. They conducted my conveyancing in Atherstone for a purchase of a freehold house 10 months ago. How can I be sure that the property is not still registered in the name of the former proprietor?
The easiest way to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Atherstone conveyancing specialists.
How straightforward is it to use your search facility to select a conveyancing practitioner in Atherstone on the approved list for my mortgage?
Step one is to pick a mortgage company such as Lloyds TSB Bank, Barnsley Building Society or TSB then choose your preferred area such as Atherstone. Conveyancing practices in Atherstone and further afield will then be shown.
Should I go with a Atherstone conveyancing practitioner based in the vicinity that I am purchasing? We have a good friend who can carry out the legal formalities but they are based 300kilometers drive away.
The primary upside of using a local Atherstone conveyancing practice is that you can pop in to execute documents, present your identification documents and pester them where appropriate. They will also have local knowledge which is a bonus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and they were content that should surpass using an unknown Atherstone conveyancing lawyer solely due to them being round the corner.
I’m about to sell my ground floor flat in Atherstone. Conveyancing has not commenced, however I have just received a half-yearly service charge invoice – should I leave it to the buyer to sort out?
It best that you discharge the service charge as normal because all ground rent and service invoices should be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Atherstone Leasehold Conveyancing - A selection of Queries Prior to buying
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Is the freehold reversion owned collectively by the tenants? Are there any major works in the near future that will add a premium to the service charges? Best to be warned whether changing the roof or some other significant cost is pending that will be shared between the leaseholders and may well materially impact the level of the service costs or necessitate a specific payment.