Our grandson is buying a new build apartment in Leven with a home loan from Virgin Money. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 Virgin Money 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 Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We note that you have a post code search directory identifying firms on the TSB conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Leven?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Leven.
How does conveyancing in Leven differ for new build properties?
Most buyers of new build or newly converted property in Leven approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is built. This is because house builders in Leven tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Leven or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a house in Leven ahead of instructing lawyers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some banks will not give a mortgage on such a premises.
It varies from the lender to lender. Santander has different requirements for example to Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Leven. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Leven to see if the conveyancing will be more expensive.
We're new on the property ladder - agreed a price, but the estate agent has warned us that the seller will only issue a contract if we appoint the agent's recommended lawyers as they want a ‘quick sale’. We would rather use a local conveyancer with experience of conveyancing in Leven
We suspect that the owner is not behind this request. If they want ‘a quick sale', alienating a motivated buyer is counter productive. Contact the sellers directly and make sure they comprehend that (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you are chain free (d) you wish to move quickly (e)but you intend to use your preferred Leven conveyancing firm - not the ones that will provide their negotiator at the agency a commission or meet his conveyancing thresholds pre-set by HQ.
It may have been a long time coming a loan offer from a lender for the refinancing of my 3 bedroom maisonette is expected any day now. Could you suggest a cheap remortgage conveyancing law firm in Leven ?
You are on the wrong site if you are in need of the cheapest conveyancing in Leven. Our aim is to provide value for money conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing brokers offering low cost conveyancing in Leven.In your best case scenario, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up being stung for additional fee and still not receive the service you were hoping for.