Our son is in the process of securing a house that has just been built in Newall Green with a home loan from TSB. His solicitor 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 TSB 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having sold my house in Newall Green last August but the buyer keeps telephoning daily to say their lawyer needs to hear from mine. What should have happened now that I have sold?
Following your disposal your lawyer should forward the transfer deeds and all of the paperwork to the purchaser's lawyers. Depending on the transaction, your solicitor must also send confirmation that the home loan has been discharged to the buyers conveyancers. There are no post completion requirements specific conveyancing in Newall Green.
I am looking for a flat up to £305k and identified one close by in Newall Green I like with open areas and transport links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Newall Green for this price, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage that many years will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
How simple is it to switch conveyancer as I have to appoint one who is on the Skipton Building Society conveyancing panel. I was using a local conveyancing solicitor in Newall Green five minutes from me but he is not accepted by Skipton Building Society
It would be our pleasure to help you find a conveyancing solicitor in Newall Green on the Skipton Building Society panel. Please note that the law firms that we on the directory do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Newall Green. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Newall Green.
We are 3 weeks into a residential purchase having been referred to conveyancers by the estate agent to perform conveyancing in Newall Green. I am am very frustrated with the level of service. Could you you assist me in finding new solicitors?
They would have to be really poor to suggest replacing them. Has the mortgage been generated? If so you need to inform them of the new contact details and have the offer are re-issued. Your solicitor ideally should be on the lenders approved list to avoid supplemental costs and frustration. That should be your first question of the new lawyers. The find a solicitor tool can help you find a lender approved conveyancer for your home move in Newall Green
We have chosen a Newall Green conveyancing solicitor for our house purchase (FTB’s) and have noticed in the terms and conditions that they are not regulated by the Financial Conduct Authority. Need I be concerned or is that the norm with solicitor?
We can't see why they should be. Most solicitor don't lend money. They should be regulated by the SRA, who have stringent rules in place on funds sitting in their bank.