My nephew is in the process of securing a newly built flat in Nefyn with a home loan from Leeds Building Society. His conveyancer has advised him of 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 involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Leeds Building Society conveyancing panel as a standard part of the process, and to the surveyor 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 Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Nefyn. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 21/10/2025, the requirements read as follows :
I have been told that property searches are a common reason for delay in Nefyn house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Local searches are unlikely to feature in any delay in conveyancing in Nefyn.
How does conveyancing in Nefyn differ for new build properties?
Most buyers of new build premises in Nefyn come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is built. This is because builders in Nefyn typically acquire the land, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Nefyn or who has acted in the same development.
I was pointed in your direction by a number of estate agents in Nefyn to get a quote from a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to offer your services over and above alternative conveyancing organisations?
We don’t give any commission for pointing buyers and sellers to this site. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Estate agents have just been given the go-ahead to market my basement flat in Nefyn. Conveyancing solicitors are to be appointed soon, however I have just received a half-yearly service charge demand – Do I pay up?
It best that you clear the maintenance contribution as you normally would because all ground rent and maintenance payments will be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Nefyn Leasehold Conveyancing - Sample of Queries before Purchasing
-
Who takes charge for maintaining and repairing the building? The best form of lease structure is where the freehold title is in the ownership of the leaseholders. In this arrangement the leaseholders have being in charge if their destiny and notwithstanding that a managing agent is usually retained where it is larger than a house conversion, the managing agent is directed by the tenants.