Our grandson is purchasing a newly built flat in Lake District with a mortgage from Nationwide. His lawyer has advised him of a delay in completing 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 Nationwide 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 Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
As someone not used to the Lake District conveyancing process what is the number one tip you can impart concerning the house moving process in Lake District
You may not hear this from too many lawyers but conveyancing in Lake District and elsewhere in Cumbria is an adversarial process. In other words, when it comes to conveyancing there exists lots of room for conflict between you and others involved in the legal transfer of property. For example, the vendor, selling agent and sometimes your bank. Selecting a lawyer for your conveyancing in Lake District an important selection as your conveyancer is your adviser, and is the ONE party in the transaction whose responsibility is to protect your legal interests and to protect you.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. You should always trust your solicitor ahead of the other players when it comes to the legal transfer of property.
I am mortgaging my home in Lake District, does my lawyer have to be on the Lloyds Solicitor panel?
There is nothing to stop you using your solicitor, but Lloyds will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Do I need to take out insurance to address the risk of chancel repairs when acquiring a property in Lake District?
Unless a previous purchase of the premises completed post 12 October 2013 you can assume that conveyancing practitioners carrying out conveyancing in Lake District to continue to propose a a chancel search and or chancel repair liability insurance.
I used Action Conveyancing several years past for my conveyancing in Lake District. I now require my file but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Lake District of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a leasehold apartment up to £195,000 and found one near me in Lake District I like with a park and railway links nearby, however it's only got 49 years unexpired on the lease. There is not much else in Lake District suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.