My grandson is in the process of securing a newly built flat in Cotgrave with a home loan from Kent Reliance. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the transaction. 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 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 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.
My wife and I have arranged the release of further funds on our home loan from Barclays as we want to conduct improvements to our property in Cotgrave. Do we need to choose a high street Cotgrave solicitor on the Barclays conveyancing panel to handle the paperwork?
Barclays do not ordinarily appoint a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Barclays conveyancing panel.
Intending to buy a flat in Cotgrave. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Cotgrave lawyer is on the Clydesdale conveyancing panel.
Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Cotgrave solicitor - who is on the Nottingham conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
Nottingham will need an independent valuation of the property. Your lawyer will not arrange this. Usually Nottingham will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Cotgrave postcode. As you are getting a mortgage with Nottingham, you could contact them to see if they have a list of approved surveyors in Cotgrave.
The estate agent has sent us the confirmation of our purchase of a new build flat in Cotgrave. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Cotgrave
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Is it possible to transfer to a new conveyancer as I have to appoint one who is on the Yorkshire Building Society conveyancing list. I was using a high street conveyancing solicitor in Cotgrave five minutes from me but she is not accepted by Yorkshire Building Society
We will our best to assist in finding you a conveyancing solicitor in Cotgrave on the Yorkshire Building Society panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Cotgrave. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Cotgrave.
Should I use a Cotgrave conveyancing practitioner based in the location that I am buying? We have a good friend who can carry out the legal work however her office is 400miles away.
The primary upside of using a high street Cotgrave conveyancing practice is that you can attend the office to sign documents, present your identification documents and pester them if necessary. They will also have local knowledge which is a benefit. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and on the whole were impressed that should outweigh using an unknown Cotgrave conveyancing lawyer solely due to them being local.
My lawyer in Cotgrave has requested from me proof of ID documents asserting that this is part of his retainer as a conveyancer on the mortgage company Conveyancing panel. Is this right?
Anti-terror and anti-money-laundering rules require Cotgrave conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the bank's UK Finance Lenders’ Handbook requirements