Our nephew is purchasing a new build apartment in De Beauvoir Town with a mortgage from UBS. His conveyancer 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 UBS 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 UBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are intent on selling our house in De Beauvoir Town and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street De Beauvoir Town conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using a web based conveyancing firm as opposed to a conveyancing solicitor in De Beauvoir Town. Having lived in De Beauvoir Town for six years we know of no issue. Is it a good idea to contact our local Authority to obtain clarification need.
It would appear that you have a conveyancing lawyer already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I'm buying a new build house in De Beauvoir Town with the aid of help to buy. The sellers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not disclose to my solicitor about the extras as it will impact my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. De Beauvoir Town is the location of the property. What do you suggest?
Flying freeholds in De Beauvoir Town are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside De Beauvoir Town you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in De Beauvoir Town may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have been advised by a couple of local estate agents in De Beauvoir Town to locate a conveyancer using your seach tool. Is there a financial upside for Estate Agents to market your site over and above alternative conveyancing organisations?
We don’t make any referral fee for pointing buyers and sellers in our direction. 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 getting any benefit too?’ So we decided to step away from that.
I am looking for a conveyancing practitioner in De Beauvoir Town for my purchase. Is it possible to check a firm’s record with the legal regulator?
You can review documented Solicitor Regulator Association (SRA) decisions resulting from investigations commenced on or after 1 January 2008. Visit Check a solicitor's record. To find details Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA could recorded call for training reasons.