My god-son is in the process of securing a house that has just been built in Hemsworth with a home loan from . His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?

The document 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 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.

4 months have elapsed following my purchase conveyancing in Hemsworth concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 residence 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.

Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Hemsworth I like with a park and transport links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Hemsworth for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?

Should you require a home loan the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.

I am using a search engine for the phrase on line conveyancing in Hemsworth it shows results of many solicitorslocally. How do I determine which is the suitable solicitor for me?

The best method of finding the right conveyancer is through a personal referral, so seek the guidance of friends and relatives who have purchased a property in Hemsworth or a reputable estate agent or mortgage broker. Costs for conveyancing in Hemsworth differ, so it's sensible to secure a minimum of four quotes from different law firms. Make sure that you know that the charges are guaranteed not to increase.

I acquired a 2 bed flat in Hemsworth, conveyancing was carried out in 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Hemsworth with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease expires on 21st October 50

You have 50 years unexpired we estimate the price of your lease extension to range between £36,100 and £41,800 as well as costs.

The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.