Our nephew is buying a new build apartment in Lower Clapton with a home loan from Yorkshire BS. His conveyancer has advised him of 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 engaged in the purchase. 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 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 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.

How does conveyancing in Lower Clapton differ for newly converted properties?

Most buyers of new build residence in Lower Clapton approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Lower Clapton typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Lower Clapton or who has acted in the same development.

I have been on the look out for a ground for flat up to £235,500 and found one near me in Lower Clapton I like with amenity areas and transport links nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in Lower Clapton suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you need a mortgage that many years may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.

My step-father has recommend that I appoint his lawyers for conveyancing in Lower Clapton. Should I find my own property lawyer?

There are no two ways about it the ideal way to find a conveyancing solicitor is to get guidance from friends or relatives who have experience in using the firm you're contemplating using.

I have been recommended a conveyancing solicitor in Lower Clapton. I I would like to check if they are on the lender's conveyancing panel. Can you assist?

You should call your lawyer to check if they are on the lender's approved list. Alternatively please call us and we can investigate and revert. Should the firm not be on the lender panel we we can help find a specialist conveyancing solicitor in Lower Clapton on the approved list for your lender.