My god-son is purchasing a newly built flat in Kensal Rise with a mortgage from Kent Reliance. His conveyancer 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 engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Kent Reliance 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 Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What is your number one tip for finding a conveyancing solicitor in Kensal Rise
We would encourage you not to base your choice on the cheapest Kensal Rise conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Is it the case that all Kensal Rise solicitor practices on the Lloyds conveyancing panel are governed by the SRA?
As solicitors, in order to be on the Lloyds approved list of solicitors they would need to be governed by the SRA. Some lenders do list licenced conveyancers on their panel in which case such firms would be governed by the CLC.
After much negotiation I have agreed a price on a house in Kensal Rise. My financial adviser suggested a conveyancing practitioner. I paid an advanced payment of £150. Not long after, the property lawyer called me to say that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I require expedited conveyancing in Kensal Rise as I have pressure to sign on the dotted line within 4 weeks. A home loan is not required. Can I escape the need for conveyancing searches to save money and time?
As you are not obtaining a mortgage you are at liberty not to have searches conducted although no lawyer would advise that you don't. With plenty of history conveyancing in Kensal Rise the following are instances of what can show up and adversely affect the marketability of the property: Enforcement Actions, Outstanding Charges, Outstanding Grants, Road Schemes,...
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. Kensal Rise is the location of the property. Is there any guidance you can give?
Flying freeholds in Kensal Rise are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Kensal Rise you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kensal Rise may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I have been advised by a few estate agents in Kensal Rise to find a solicitor using your seach tool. Is there a financial incentive for Estate Agents to promote your lawyers rather than another?
We don’t make any commission for sending work to this site. We found it would be just too difficult a fee as home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
Do all mortgage companies provide you with an approved list of Kensal Rise solicitors? How do you know who is on the lender conveyancing panel?
Kensal Rise firms and firms carrying out conveyancing in Kensal Rise themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the lender directly.