My son is about to exchange on a new build apartment in Cinderford with a mortgage from Nationwide. His lawyer has said that there is 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 form 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 Nationwide 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 Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am about to put a bid on a leasehold property in Cinderford. The selling agents say that it is normal for flats in Cinderford to have less than 75 years remaining. I am obtaining a loan with Virgin. Is this going to be a problem if the lease has 72 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 5/9/2024 the requirements read as follows :
I am helping my mother sell her property in Cinderford. Does the conveyancer order an EPC or do I organise this?
Following the demise of Home Information Packs, energy performance certificates became a mandatory element of moving house. An EPC needs to be to hand prior to the property being advertised. This is not something that conveyancers normally organise. If you are instructing a Cinderford conveyancing solicitor they may be willing to arrange energy performance certificates due to their relationships with reputable Cinderford assessors
A relative advised me that in purchasing a property in Cinderford there could be a number of restrictions as to what one can do in terms of external changes to a property. Is this right?
There are a number of properties in Cinderford which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Cinderford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it correct that all Cinderford CQS (Conveyancing Quality Scheme) solicitors are on the Nationwide conveyancing panel?
Some major banks and building societies now use the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their approved list of conveyancing solicitors.
How does conveyancing in Cinderford differ for new build properties?
Most buyers of new build residence in Cinderford come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is finished. This is because house builders in Cinderford tend to buy the land, 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 accustomed to new build conveyancing in Cinderford or who has acted in the same development.
How do I identify a Cinderford solicitor on the Barnsley Building Society conveyancing panel? I have a car and am happy to travel upto 25miles to meet the solicitor.
Feel free to make use of the tool on this website. Please choose the lender and your location and you will see a number of Cinderford conveyancing lawyers locally. We have detailed some Cinderford conveyancing firms towards the end of this page and you can call them to verify whether they are on the Barnsley Building Society member panel
My partner has encouraged me to use his conveyancers in Cinderford. Do I follow his guidance?
No doubt the best way to find a conveyancing practitioner is to have guidance from friends or family who have used the firm that you are are thinking of instructing.