Our son is about to exchange on a newly built flat in Honiton with a mortgage from TSB. His conveyancer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the TSB 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
How can we tell if a Honiton conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Honiton obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer carrying out your conveyancing.
My fiancee and I are at the point of viewing flats in Honiton and I am about to put in an offer. Is it too early to have a solicitor in place? I will be getting a mortgage with Nottingham.
It would be sensible to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the selling agent. Given that you are obtaining a mortgage with Nottingham, make sure you remember to check that your lawyer is on the Nottingham conveyancing panel.
Completion of my purchase has taken place for my property in Honiton. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I have recentlyfound out that Stirling Law have closed. They carried out my conveyancing in Honiton for a purchase of a freehold house 9 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Honiton conveyancing specialists.
I am purchasing my first flat in Honiton with a loan from Santander. The builders would not reduce the amount so I negotiated £7000 of extras instead. The estate agent advised me not disclose to my conveyancer about the side-deal as it will adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey completed on a house in Honiton before appointing lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some lenders tend refuse to issue a mortgage on this type of property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Honiton. Conveyancing will be smoother if you use a solicitor in Honiton especially if they are accustomed to such properties in Honiton.
My husband and I are 3 weeks into a leasehold purchase having been directed to solicitors by the local agent to carry out the conveyancing in Honiton. I am not happy. Can you help me find new solicitors?
A solicitor would need to be really bad in order to consider replacing them. Has your loan offer been sent? In the event that it has you will need to advise them of the new lawyer and have the offer are re-sent. The solicitor ideally needs to be on the lenders approved list to avoid escalating expenses and complications. That should be your first question of the new solicitors. The search tool can assist you in finding a lender approved conveyancer for your home move in Honiton