My grandson is purchasing a newly built flat in Norwood with a mortgage from Yorkshire BS. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?

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

Having sold my house in Norwood last December yet the purchaser is Skype messaging daily to moan that his solicitor is waiting to hear from mine. What are the post completion sale legalities now that I have sold?

Following your house sale your conveyancer is duty bound to forward the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer must also send confirmation that the mortgage has been discharged to the buyers solicitors. There are no post completion requirements peculiar conveyancing in Norwood.

I have 70 years unexpired on my lease and need a lease extension for my apartment in Norwood. Conveyancing solicitors on the Platform panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 2/3/2025 the requirements read as follows :

We expect to complete the disposal of our £350,000 apartment in Norwood in just under a week. The managing agents has quoted £396 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Norwood?

For most leasehold sales in Norwood conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Answering conveyancing due diligence questions Where consent is required before sale in Norwood Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your solicitor will have no control over the level of the charges for this information but the average costs for the information for Norwood leasehold premises is £350. For Norwood conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide answers.

Norwood Leasehold Conveyancing - A selection of Queries Prior to buying

How many of the leaseholders are in arrears for their service charge payments? The best form of lease structure is a share of the freehold. In this situation the lessees benefit from control and although a managing agent is often retained if the building is larger than a house conversion, the managing agent is directed by the tenants. Is the freehold owned jointly by the tenants?

How and when do I incur the Stamp Duty Land Tax chargeable for my purchase in Norwood?

The lawyer should fill out a Land Transaction Return Form on your behalf during your Norwood purchase transaction for signature. After completion your conveyancer will submit the STL Return Form to the Tax Authorities and - as long as they have the funds - discharge any land tax payable for you.