Our god-son is about to exchange on a house that has just been built in Woldingham with a mortgage from Lloyds. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 Lloyds 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 Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
It is 10 years ago since I bought my house in Woldingham. Conveyancing solicitors have just been instructed on the sale but I can't locate my deeds. Is this a major issue?
Don’t worry too much. Firstly there is a chance that the deeds will be with your lender or they could be in the possession of the solicitor who oversaw the purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring current official copies of the land registers. Nearly all conveyancing in Woldingham relates to registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
I have todaybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Woldingham for a purchase of a freehold house 12 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The easiest way to see if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Woldingham conveyancing specialists.
I am looking for a flat up to £195,000 and identified one close by in Woldingham I like with amenity areas and railway links nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Woldingham suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor 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. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
My husband and I have just found out that one of the partners of the conveyancing practice handling the purchase conveyancing in Woldingham is an aunty of the owners that we are purchasing from. Is this permitted?
As long as there is no conflict of interest this should be fine. Where you are obtaining mortgage finance then the bank may have a say as many mortgage companies have specific requirements on this. For example for Coventry Building Society as of 4/12/2025, the requirements read as follows :