Our son-in-law is about to exchange on a newly built flat in Muxton with a mortgage from Bank of Ireland. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form 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 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 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.
The Muxton conveyancing lawyers that I appointed last week on my house acquisition in Muxton have suddenly closed. They were on acting for me because I needed a lawyer on the Virgin Money conveyancing panel and my family Muxton lawyer was not. I cut them a cheque for £250 in advance. What do I do now?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
What is the difference between a licensed conveyancer and conveyancing solicitor in Muxton
There are many recorded licenced Conveyancers in Muxton and Solicitor firms in Muxton who can help with your conveyancing We would stress that both are supervised by regulatory bodies with both specialising in the legal work in the home buying process. The two can conduct associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
I have today made my last payment due on my mortgage with Yorkshire BS. I assume I don't need a Muxton solicitor on the Yorkshire BS panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
I was told two weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Muxton is approved on their conveyancing panel? Virgin Money have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
We are purchasing a house and the solicitor has identified Chancel Repair for which the property could be obligated to pay because it falls into the area of such a church. He has recommended insurance. Is this really necessary for conveyancing in Muxton
Unless a previous purchase of the premises took place after 12 October 2013 you could take it that conveyancing practitioners carrying out conveyancing in Muxton to continue to propose a a chancel search and or insurance against a claim.
I have justbeen informed that Stirling Law have been shut down. They conducted my conveyancing in Muxton for a purchase of a leasehold flat 9 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest method to see 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 Muxton conveyancing specialists.
I'm refinancing my current house to a buy to let loan with Norwich and Peterborough Building Society and intend to use the remaining equity towards further property. The location we are looking at is Muxton. Will your conveyancers be able to act for the two mortgage companies and link together the two deals?
Do use our search tool on this page to be sure that the lawyers are on the relevant lender panels. Having checked that they are the solicitor will be able to connect the two transactions but you should have a chat with you conveyancer and communicate your expectations and needs.