Our grandson is purchasing a new build apartment in Goole with a home loan from Aldermore. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document 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 Aldermore 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 Aldermore conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Finally the sale completed on my house in Goole last January but my buyer keeps texting me to moan that their conveyancer needs to hear from myconveyancer. What should have happened following completion?
Following your house sale your lawyer should forward the transfer deeds and all of the paperwork to the purchaser's solicitors. Where appropriate, your lawyer should also send confirmation that the mortgage has been repaid to the buyers conveyancers. There is unlikely to be post completion requirements specific conveyancing in Goole.
My grandfather passed away last year and as sole heir and executor I was left the property in Goole. The house had a relatively small loan left on it of around £8000. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
Where you plan to re-mortgage then UBS will require that you use a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
I have been told that property searches are a common reason for stalling in Goole conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Goole.
I've recently found out that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Goole is the location of the property. Can you offer any guidance?
Flying freeholds in Goole are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Goole 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 Goole 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'm refinancing my current home to a BTL mortgage with Virgin Money and I will use the rest of the raised equity as a deposit on a second house. The area we are talking about is Goole. Will your conveyancers be able to act for both sets of banks and tie in the two deals?
Make use of our comparison tool on this site to check that the solicitors are approved by both mortgage companies. Assuming that they are the solicitor should be able to connect the two deals but you should have a chat with you lawyer and specify your expectations and requirements.