Our son-in-law is buying a new build apartment in Coningsby with a mortgage from Virgin Money. His lawyer 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 form is intended to provide information to the main parties involved in the transaction. 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 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 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.
It is 10 years ago since I purchased my property in Coningsby. Conveyancing solicitors have just been instructed on the sale but I am unable to locate the title documents. Is this a major issue?
Don’t worry too much. Firstly the deeds may be kept by your mortgage company or they may still be with the solicitor who handled the purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Coningsby involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
I'm the single recipient of my late father’s estate and I have everything in my name now, including the my former home in Coningsby. The Coningsby property was put into my name in January. I plan to dispose of the property. I understand that there is a CML six month 'rule', which means that my proprietorship will be regarded the same way as if I'd bought the property in January. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. How practical a view mortgage companies take of it, depend on the mortgage company as this requirement is principally there to capture subsales or the flipping of property.
Is there a list of Virgin Money panel conveyancers in Coningsby on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings viewable on the web. Where you are in need of a Coningsby lawyer on the Virgin Money please make the most of our facility.
is it true that all Coningsby solicitors on the Skipton conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the Skipton conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some lenders do permit licenced conveyancers on their panel in which case such firms would be regulated by the CLC.
Is it possible to transfer to a new solicitor as I have to choose a firm on the Accord Mortgages Ltd conveyancing list. I was using a high street conveyancing solicitor in Coningsby five minutes from me but the firm is not approved by Accord Mortgages Ltd
It would be our pleasure to help you select a conveyancing solicitor in Coningsby on the Accord Mortgages Ltd panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Coningsby. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Coningsby.
My husband and I are FTB’s - agreed a price, but the agent informed us that the owners will only move forward if we instruct their preferred lawyers as they need a ‘quick sale’. We would rather use a family conveyancer who is accustomed to conveyancing in Coningsby
It is improbable the vendors are driving this. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is likely to cause more damage than good. Contact the vendors directly and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you are going to instruct your preferred Coningsby conveyancing lawyers - rather thanthe ones that will earn the negotiator at the agency a referral fee or hit his conveyancing figures pre-set by head office.
Is it the case that all Coningsby solicitors on every lender conveyancing panel?
You can use our search tool or you can go into your local bank branch in Coningsby. Chances are that they will be in a position to list some reputable conveyancing solicitors in Coningsby