Our son is purchasing a newly built flat in Haltwhistle with a mortgage from Virgin Money. His conveyancer has said that there is 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 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 Virgin Money 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 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.
The Haltwhistle conveyancing firm that I appointed last week on my purchase in Haltwhistle have suddenly shut down. They were on acting for me because I needed a firm on the Lloyds conveyancing panel and my family Haltwhistle lawyer was not. I cut them a cheque for two hundred pounds in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Lloyds conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to take this when acquiring a house in Haltwhistle? or I am told that there is an ancient law that means some homeowners living in a parish church boundary may be liable to contribute towards maintenance to the chancel within the church. Is this a legitimate concern for conveyancing in Haltwhistle?
Unless a previous acquisition of the property took place post 12 October 2013 you could assume that lawyers conducting conveyancing in Haltwhistle to continue to recommend a chancel search and or insurance against a claim.
I am buying a new build apartment in Haltwhistle. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Haltwhistle
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There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I decided to have a survey done on a house in Haltwhistle before appointing solicitors. I have been advised that there is a flying freehold element to the house. My surveyor has said that some mortgage companies tend not give a loan on a flying freehold house.
It varies from the lender to lender. Santander has different instructions from Halifax. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Haltwhistle. Conveyancing will be smoother if you use a solicitor in Haltwhistle especially if they are acquainted with such properties in Haltwhistle.
At last I have had an offer on an maisonette in Haltwhistle accepted, the vendor does nevertheless have a connected purchase. The current proprietors have submitted an offer on a flat, but it’s not been accepted yet, and has viewings of other apartments booked. I have chosen a nearby conveyancing lawyer in Haltwhistle. What do I do now? When should I get the mortgage application with Skipton started with Skipton?
It is standard to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then survey, Haltwhistle conveyancing search costs, etc). The first thing to do is ensure that your solicitor is on the Skipton conveyancing panel. Regarding the subsequent steps this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot market many purchasers will apply for a home loan with Skipton and pay for the survey and only if it was satisfactory would they request their solicitor to move forward with searches.