Our son is buying a newly built flat in Felinheli with a home loan from . His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?

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 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 conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Can I use your services to locate a Conveyancing solicitor in Felinheli even if I’m not purchasing or selling a house, for example where I want to acquire an office in Felinheli with a loan from ?

Our comparison service is primarily there to select residential conveyancing solicitors in Felinheli but we have listed at the bottom of this page some Felinheli commercial conveyancing firms. You will need to make contact with the firm directly to see if they are also authorised to represent

I am buying a new build flat in Felinheli. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Felinheli

Please confirm the Lease plans are surveyor prepared. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

I am looking for a flat up to £245,000 and found one round the corner in Felinheli I like with amenity areas and railway links nearby, however it only has 51 remaining years left on the lease. There is not much else in Felinheli in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you require a home loan the shortness of the lease will likely be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.

I have been recommended by three or four local estate agents in Felinheli to select a property lawyer using your seach tool. Is there a financial advantage for Estate Agents to promote your lawyers over and above alternative conveyancing organisations?

We don’t offer any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.