My god-son is about to exchange on a house that has just been built in Sedgefield with a mortgage from Kent Reliance. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?

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

When can the exchange of contracts take place for residential conveyancing in Sedgefield and am I required to attend the lawyers office?

If you are local to our conveyancing solicitors in Sedgefield you are invited in to sign the paperwork. That being said, the law practices we recommend supply countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when communicating with you by post or email. The executing of the property agreement is not when everything is set in stone. A signed contract is necessary for the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Sedgefield)to be in the office available at the end of the phone to exchange contracts.

I need some quick conveyancing in Sedgefield as I am faced with an ultimatum to exchange contracts inside one month. Thankfully I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?

If.Given you are are a cash purchaser you have the choice not to have searches conducted although no lawyer would advise that you don't. With plenty of history conveyancing in Sedgefield the following are instances of what can arise and adversely impact future saleability: Enforcement Notices, Outstanding Fees, Outstanding Grants, Railway Schemes,...

I am looking for a leasehold apartment up to £195,000 and found one round the corner in Sedgefield I like with amenity areas and railway links in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Sedgefield for this price, so just wondered if I would be making a mistake buying a lease with such few years left?

If you require a home loan that many years may be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.

Back In 2000, I bought a leasehold house in Sedgefield. Conveyancing and Barclays Direct mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Sedgefield who acted for me is not around. Any advice?

The first thing you should do is make enquiries of the Land Registry to be sure that this person is in fact the new freeholder. You do not need to incur the fees of a Sedgefield conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.

Leasehold Conveyancing in Sedgefield - Sample of Questions you should ask Prior to Purchasing

Does the lease include onerous restrictions? In the main the outlay for major works are not built into the maintenance charges, albeit that there some managing agents in Sedgefield ask leaseholders to contribute towards a sinking fund created for the specific purpose of establishing a fund for major repairs or maintenance.