My son-in-law is in the process of securing a house that has just been built in Bagshot with a mortgage from Santander. His conveyancer has advised him of 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 engaged in the purchase. 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 surveyor 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are buying a property and need a conveyancing solicitor in Bagshot who is on the Nottingham approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Bagshot.
Are there restrictive covenants that are commonly identified during conveyancing in Bagshot?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Bagshot. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Bagshot differ for newly converted properties?
Most buyers of new build or newly converted property in Bagshot contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because house builders in Bagshot usually purchase 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 conveyancing solicitors 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 Bagshot or who has acted in the same development.
I opted to have a survey completed on a property in Bagshot in advance of instructing lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some lenders may not give a loan on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bagshot. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bagshot to see if the conveyancing will be more expensive.
Am I best advised to go with a Bagshot conveyancing lawyer who is local to the property I am hoping to buy? An old friend can carry out the conveyancing however they are based 400miles drive away.
The benefit of a local Bagshot conveyancing firm is that you can attend the office to execute documents, present your identification documents and pester them if necessary. Having local Bagshot know how is a bonus. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that must outweigh using an unknown Bagshot conveyancing lawyer just because they are round the corner.