Our grandson is buying a newly built flat in Abercynon with a mortgage from Virgin Money. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document 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 Virgin Money 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 Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My lawyer in Abercynon is not on the Lloyds TSB Bank Approved Panel. Can I still retain my family solicitor notwithstanding that they are not on the Lloyds TSB Bank panel of approved conveyancing solicitors?
The limited options available to you here include:
- Carry on with your existing Abercynon solicitors but Lloyds TSB Bank will need to retain a conveyancer on their panel. This will result in additional overall legal fees and cause delays.
- Find an alternative solicitor to to deal with the conveyancing, not forgetting to check they are Lloyds TSB Bank approved.
- Try to convince your Lloyds TSB Bank based solicitor to try to join the Lloyds TSB Bank panel
Just had an offer accepted on a new build flat in Abercynon. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Abercynon
Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
Due to the encouragement of my in-laws I had a survey completed on a property in Abercynon ahead of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some lenders tend not grant a mortgage on such a house.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Abercynon. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm remortgaging my existing property to a BTL mortgage with Barclays and intend to use the remaining equity as a down payment on another house. The neighborhood we are looking at is Abercynon. Will your lawyers be able to act for both sets of lenders and tie in the conveyances?
Make use of our comparison tool on this page to ensure that the lawyers are on the appropriate lender panels. Having checked that they are the conveyancer will be able to tie up the two transactions but you should have a chat with you solicitor and make clear your expectations and requirements.
What tools are available to find a Abercynon conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 25miles to attend the conveyancer.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Abercynon and you will see a number of lawyer located nearest Abercynon. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.