My nephew is in the process of securing a new build apartment in Kempston with a home loan from Nationwide. His solicitor 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 Nationwide conveyancing panel as a standard part of the process, and to the surveyor 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 Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My friend advised me that where I am purchasing in Kempston I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Kempston conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Kempston around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Kempston Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Kempston Education with plans and statistics, Local Amenities and other useful data concerning Kempston.
What makes your site different to alternative internet conveyancing solicitors when it comes to conveyancing in Kempston?
At this site get a conveyancing quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Kempston. Unlike many estate agents and brokerage sites we do not operate commission arrangements with solicitors. Many agents and online brokers 'recommend' solicitors paying the highest kickback, rather than the best value conveyancing in Kempston
There are only Seventy years remaining on my flat in Kempston. I need to extend my lease but my landlord is absent. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to demonstrate that you have made all reasonable attempts to find the landlord. For most situations a specialist may be useful to conduct investigations and prepare an expert document to be accepted by the court as proof that the freeholder can not be located. It is advisable to get professional help from a solicitor in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Kempston.
I bought a studio flat in Kempston, conveyancing having been completed in 2007. Can you give me give me an indication of the likely cost of a lease extension? Comparable properties in Kempston with an extended lease are worth £186,000. The ground rent is £55 charged once a year. The lease comes to an end on 21st October 2076
You have 52 years left to run we estimate the price of your lease extension to range between £29,500 and £34,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
I was told by my lender that their approved conveyancers work on no move no charge basis for conveyancing in Kempston. Our purchase fell through and now the lawyers want search fees! They say the fees are seperate!
By offering "no move no fee" Kempston conveyancing lawyers are waiving their fees for any work conducted. We must stress this does not constitute an insurance scheme. you will still be expected to reimburse any charges that your conveyancer has expended on your behalf such as Kempston local authority checks