Our nephew is buying a new build apartment in Havant with a home loan from Bank of Ireland. His solicitor has said that there is a delay in receiving 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 purchase. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland 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 Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Havant. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/1/2022, the requirements read as follows :
What is the difference between a licensed conveyancer and conveyancing solicitor in Havant
Two types of professional can conduct conveyancing in Havant namely CLC regulated conveyancers or solicitors. Both professionals administer conveyancing services that you need to complete the sale or purchase of property. They are both duty bound to handle Havant conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be professionally carried out and that the necessary procedures will be correctly followed.
I am currently in the process of buying my council flat in Havant. I have a mortgage offer with HSBC. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with HSBC, you will need to appoint a solicitor on the HSBC conveyancing panel.
Completion of my purchase has taken place for my property in Havant. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
It has been three months following my purchase conveyancing in Havant took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm refinancing my existing house to a buy to let mortgage with Lloyds TSB Bank and I will use the ballance of the raised equity as a deposit on another property. The location we are talking about is Havant. Will your solicitors be able to act for both sets of mortgage companies and link together the conveyances?
Make use of our search tool on this site to ensure that the lawyers are on the appropriate lender panels. On the basis that they are the solicitor will be able to simultaneously deal with the two conveyancing matters but you should talk with you conveyancer and make apparent your desired outcome and needs.
Are there any compelling benefits to using a local conveyancing practitioner in Havant
Many buyers and sellers in Havant choose a local solicitor so that they can attend the lawyer’s offices if they have questions, and to deliver mortgage deeds without using the Royal Mail.
One could say that there exists a slight advantage in using a conveyancer local to the house you are planning to purchase, due to the familiarity of the region and possible local issues - nevertheless this is moot. Many conveyancers are now online and may be anywhere in the world.