Our god-son is buying a newly built flat in Cudworth with a home loan from TSB. His conveyancer has said that there is 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 TSB conveyancing panel as a standard part of the process, and to the surveyor 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We wanted to use a conveyancing solicitor in Cudworth for our home move. Our broker has since notified us that our mortgage lenders National Westminster Bank won't deal with them. Surely this is unduly restrictive?
A mortgage company will direct that a panel conveyancer act for it. You would be liable to meet the charges for this. Try using our database to choose a solicitor to conduct conveyancing in Cudworth on the National Westminster Bank conveyancing panel.
I used Action Conveyancing a few years past for my conveyancing in Cudworth. I now require my papers but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Cudworth of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Cudworth differ for newly converted properties?
Most buyers of new build or newly converted property in Cudworth contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because new home sellers in Cudworth tend to buy 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 property lawyers 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 Cudworth or who has acted in the same development.
Am I better off to choose a Cudworth conveyancing solicitor in close proximity to the house I am hoping to buy? An old friend can execute the legal formalities but her office is 300kilometers drive away.
The primary upside of using a local Cudworth conveyancing practice is that you can drop in to execute documents, deliver your ID and apply pressure on them where appropriate. They will also have local intelligence which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and the majority were impressed that must trump using an unfamiliar Cudworth conveyancing lawyer just because they are based in the area.
What is the reason for my property lawyer requiring a list of items of ID ahead of starting selling or buying a property in Cudworth?
Cudworth conveyancing practitioners are obliged by the Law Society, Solicitors Regulation Authority, HMLR and current AML legislation to certify that the have checked the identity of their clients. It is also sometimes a requirement of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to stamp duty land tax and need to have details such as your full names, national insurance number and date of birth.