Our grandson is buying a newly built flat in Hartlepool with a mortgage from Yorkshire BS. His solicitor has advised him of 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 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 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 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.
Should conveyancers ask for money up-front when it comes to conveyancing in Hartlepool?
If you are buying a property in Hartlepool your solicitor will request that you to provide them with funds to cover the the cost of the conveyancing searches. Normally this is needed to cover the fees of the conveyancing searches. When the deposit is payable against the sale price then this will be required shortly in advance of contracts are exchanged. Any further balance that is due should be sent to your lawyer a few days ahead of the completion date.
I am buying a terraced house in Hartlepool. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Hartlepool you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Hartlepool.
I just bought a property at auction in Hartlepool. Conveyancing is required. What is next?
Given that you have now legally bound yourself to purchase you should hire the services of a conveyancing lawyer quickly as you now have a fast approaching a fixed date to complete the purchase. All auction property should have a bespoke auction set of papers. This should include the copy title deeds, local authority and drainage searches. In the case of leasehold property the conveyancing pack should provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You must pass this on to the solicitor instructed by you at the earliest opportunity. Do make sure that that you have the requisite funding in order to complete on the on the contractual date .
I have today made my last payment due on my mortgage with Kent Reliance. I assume I don't need a Hartlepool conveyancing practitioner on the Kent Reliance panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Kent Reliance mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Kent Reliance mortgage from the register. Kent Reliance, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Kent Reliance has sent the Land Registry the discharge electronically, and
- Kent Reliance has instructed the Land Registry to do so
Bank of Ireland have agreed my home loan in principle, my offer on a property in Hartlepool has been agreed to, now what?
The property agent will wish to be informed of your conveyancer's details (make sure the conveyancers are on the lender’s approved list). Call up Bank of Ireland or your broker and complete any relevant paperwork. Bank of Ireland will appoint a valuer who will get in contact with the estate agent or owners to book an appointment. Once conducted (assuming no problems) it takes about a fortnight to get a mortgage offer. Bank of Ireland will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Hartlepool.
What can a local search reveal concerning the property I am buying in Hartlepool?
Hartlepool conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company for instance Onsearch The local search is essential in every Hartlepool conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
My father-in-law has suggested that I appoint his lawyers for conveyancing in Hartlepool. Should I use them?
Much as we are happy to recommend a Hartlepool conveyancing lawyer it’s preferable to select a conveyancing solicitor is to seek recommendations from friends or relatives who have actually used the firm that you are contemplating using.