My mortgage broker has requested my Handforth solicitor’s panel reference for the Lloyds conveyancing panel. How do I find this out. I have e-mailed my local Handforth office but they have not responded to me.
You are best placed to get this information from your Handforth conveyancing practitioner . They retain a central record lender panel numbers.
Our son-in-law is in the process of securing a newly built flat in Handforth with a mortgage from Yorkshire BS. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Yorkshire BS 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 Yorkshire BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I own a freehold house in Handforth but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Handforth and has limited impact for conveyancing in Handforth but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
How does conveyancing in Handforth differ for newly converted properties?
Most buyers of new build or newly converted property in Handforth approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in Handforth tend to purchase 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 Handforth or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Handforth before instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some banks will refuse to grant a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Handforth. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for my conveyancing in Handforth. I happened to land on a site which looks to be the ideal answer If it is possible to get all formalities done via email that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?