My grandson is purchasing a newly built flat in Maidenbower with a home loan from Santander. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form 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 Santander conveyancing panel as a standard part of the process, and to the valuer 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Are the BSA planning on creating a searchable register to list law firms on the Coventry BS conveyancing panel for example in Maidenbower?
We are not aware of any intention on the part of the BSA to develop such a tool.
Me and my brother purchased a renovated Edwardian house in Maidenbower. Conveyancing solicitor acted for me and Barclays Direct. I did a free Land Registry search last week and there are a couple of entries: the first freehold, another for leasehold under the matching address. Is it worth asking Barclays Direct to clarify?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Maidenbower and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing practitioner who completed the work.
How does conveyancing in Maidenbower differ for newly converted properties?
Most buyers of new build or newly converted property in Maidenbower contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is completed. This is because developers in Maidenbower typically purchase the site, 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 used to new build conveyancing in Maidenbower or who has acted in the same development.
I am using a search engine for the phrase conveyancing in Maidenbower it shows results of numerous solicitorslocally. With so much choice what is the best way to find the right property lawyer for me?
The preferential method of seeking a suitable conveyancer is through a personal referral, so enquire of colleagues and relatives who have bought a property in Maidenbower or the local estate agent or financial adviser. Costs for conveyancing in Maidenbower differ, so it's advisable to obtain at least three fee estimates from different property lawyers. Be sure to obtain confirmation that the charges are guaranteed not to escalate.
Is it the case that all Maidenbower law firms on every lender conveyancing panel?
You can use our search tool or you can pop into your local bank branch in Maidenbower. Chances are that they will know some good conveyancing solicitors in Maidenbower