My grandson is in the process of securing a new build apartment in Eden Park with a home loan from Skipton. His solicitor has said that there is a delay in receiving 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 Skipton 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 Skipton conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
As I am unsure how the conveyancing bit works what is the most important piece of guidance you can impart about purchase conveyancing in Eden Park?
You may not hear this from too many lawyers but conveyancing in Eden Park and elsewhere in England and Wales is often a confrontational process. In other words, when it comes to conveyancing there is lots of room for friction between you and other parties involved in the legal transfer of property. For example, the seller, estate agent and even potentially a mortgage company. Selecting a law firm for your conveyancing in Eden Park an important selection as your conveyancer is your adviser, and is the SOLE person in the process whose interest is to protect your legal interests and to protect you.
On occasion a third party with a vested interest may try and sway you that you should follow their advice. For instance, the estate agent may claim to be assisting by suggesting your conveyancer is wrong. Or your mortgage broker may advise you to do something that is against your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
We are downsizing from our property in Eden Park and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A local lawyer would know this is not the case. It does beg the question why the purchasers are using an online conveyancing firm as opposed to a conveyancing solicitor in Eden Park. Having lived in Eden Park for many years we know that this is a non issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You need to enquire of 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 health insurance to cover that same ailment)
Due to the guidance of my in-laws I had a survey completed on a house in Eden Park before retaining solicitors. I have been told that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend not issue a loan on this type of home.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Eden Park. Conveyancing will be smoother if you use a solicitor in Eden Park especially if they are acquainted with such properties in Eden Park.
Hoping to buy a property located in Eden Park and I am already nervous. I couldn't find anything specific about Eden Park. Conveyancing will be needed in due course but do you know about the Eden Park area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Eden Park. In the meantime here are some basic statistics that we found
My husband and I are FTB’s - had an offer accepted, yet the agent advised that the vendor will only issue a contract if we instruct the agent's preferred solicitors as they need a ‘quick sale’. We would rather use a family conveyancer accustomed to conveyancing in Eden Park
We suspect that the owner is unaware of this request. Should the owner desire ‘a quick sale', alienating a serious purchaser is likely to cause more damage than good. Speak to the owners direct and make sure they comprehend that (a)you are motivated buyers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you intend to appoint your own,trusted Eden Park conveyancing lawyers - not the ones that will provide the negotiator at the agency a commission or meet his conveyancing targets demanded by head office.