Our grandson is buying a house that has just been built in Longthorpe with a home loan from Bank of Ireland. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?

The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland 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 Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Can your site be used to locate a Conveyancing solicitor in Longthorpe even if I’m not purchasing or selling a house, for instance where I wish to buy an office in Longthorpe with a loan from Lloyds TSB Bank?

The service is predominantly used to help choose residential conveyancing solicitors in Longthorpe but we have listed towards the bottom of this page some Longthorpe commercial conveyancing firms. You will need to make contact with the firm directly to check if they are also authorised to represent Lloyds TSB Bank

How do I discover of the solicitor carrying out my conveyancing in Longthorpe is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for HSBC Bank thus spending £192.00 in another set of legal fees.

Feel free to make use of the search tool on this site. Please choose the mortgage company and type ‘Longthorpe’ or your preferred area and you will see a number of lawyer offices in Longthorpe or near you.

I own a 4 bedroom Edwardian property in Longthorpe. Conveyancing practitioner acted for me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??

You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Longthorpe and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing practitioner who conducted the conveyancing.

Looking forward to complete next month on a ground floor flat in Longthorpe. Conveyancing solicitors inform me that they are sending me a report on Monday. What should I be looking out for?

The report on title for your leasehold conveyancing in Longthorpe should include some of the following:

The physical ownership of the property. This could be the flat itself but could also incorporate a roof space or cellar if appropriate. Does the lease prevent you from renting out the flat, or working from home Your conveyancers should enable you to have an understanding of the building insurance requirements Ground rent - how much and when is collected, and also know whether this is subject to change Setting out your legal entitlements in relation to common areas in the building.E.G., does the lease include a right of way over an accessway or staircase?

I invested in buying a 1st floor flat in Longthorpe, conveyancing was carried out January 1996. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Longthorpe with a long lease are worth £211,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease runs out on 21st October 2092

You have 67 years left to run we estimate the premium for your lease extension to range between £10,500 and £12,000 plus plus your own and the landlord's "reasonable" professional fees.

The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.