Our god-son is buying a new build apartment in Battersea with a mortgage from Lloyds. His solicitor 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 Lloyds 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 Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Battersea. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this possible?
Where you plan to refinance then Lloyds will require that you use a conveyancer on the Lloyds conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Lloyds conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Lloyds mortgage is registered as a charge at the Land Registry.
I have justbecome aware that Action Conveyancing have been shut down. They conducted my conveyancing in Battersea for a purchase of a leasehold apartment 10 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is in your name, you can make 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 Battersea conveyancing specialists.
I have been pointed in your direction by a few selling agents in Battersea to locate a solicitor on your site. What’s the financial incentive for Estate Agents to promote your site rather than another?
We refuse to offer any commission for pointing buyers and sellers to this site. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have been sourcing a conveyancing lawyer in Battersea for my house move. Is there any facility to review a firm’s record with the profession’s regulator?
Anyone may see presented Solicitor Regulator Association (SRA) determinations resulting from investigations commenced on or after Jan 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training requirements.
I need to review estimates for conveyancing in Battersea from three lawyer and decide on one. Am I right to instruct them to sit tight until I a suitable house to buy.
You should only ask your conveyancer to commence work and submit searches after the sales confirmation has been sent by the estate agent especially as Battersea conveyancing searches are a couple of hundred pounds.