My nephew is about to exchange on a new build apartment in Bitterne with a mortgage from TSB. His conveyancer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 TSB 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My partner and I are in the throws of looking at flats in Bitterne and I am now considering a potential offer. Is it premature to have a solicitor in place? I intend to finance via a home loan with Skipton.
You should start requesting conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. Given that you are seeking a mortgage with Skipton, make sure you remember to check that your lawyer is on the Skipton conveyancing panel.
The formalities of my remortgage has taken place for my property in Bitterne. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I have finally had an offer on an apartment in Bitterne agreed to, the owners do nevertheless have an associated purchase. The owners have put an offer on a flat, however it’s not yet tied up, and have viewings of other properties in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Bitterne. What do I do now? When should I get the mortgage application with Coventry BS going?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Bitterne conveyancing search fees, etc). The first course of action is to ensure that your property lawyer is on the Coventry BS conveyancing panel. As to the next steps this very much depends on the specifics of your case, desire for the property and on the state of the market. During a hot market some buyers would apply for the mortgage with Coventry BS and pay for the valuation and only if it was satisfactory would they request their lawyer to press on with the conveyancing in Bitterne.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one round the corner in Bitterne I like with open areas and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Bitterne suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I was recommended by a few selling agents in Bitterne to select a property lawyer using your seach tool. What’s the financial upside for Estate Agents to market your site over and above another?
We don’t offer any referral fee for directing people to this site. We thought it would be too underhand to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My step-father has recommend that I use his conveyancers in Bitterne. Should I use them?
There are no two ways about it the best way to choose a conveyancing lawyer is to seek guidance from friends or relatives who have actually previously instructed the solicitor you're contemplating using.
I need to change lawyers as my Bitterne lawyer is not on the lender's approved list of conveyancing solicitors. How simple is it to change conveyancer?
In the event that you have not formally appointed a solicitor to commence the conveyancing and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Bitterne that you're considering.