My son is buying a new build apartment in Polegate with a home loan from RBS. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
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 RBS 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 RBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am planning to acquire a flat and need a conveyancing solicitor in Polegate who is on the Lloyds TSB Bank approved. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Lloyds TSB Bank in certain locations such as Polegate. We dont recommend any particular firm.
The deeds to our home are lost. The lawyers who handled the conveyancing in Polegate 5 years ago have long since closed. What do I do?
You no longer need to have the physical original deeds to prove you own the land or premises, given that the Land Registry have everything they need in a digital format.
I'm buying a new build house in Polegate with a loan from Clydesdale. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The sale representative advised me not reveal to my lawyer about the side-deal as it could adversely affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How easy is it to use your search tool to choose a conveyancing practitioner in Polegate on the authorised to act for my bank?
Step one is to pick a mortgage company such as Halifax, The Royal Bank of Scotland or Bank of Ireland then specify your preferred area for instance Polegate. Conveyancing practices in Polegate and nationally will then be shown.
Being a leasehold owner I am liable for a service charge for my flat in Polegate. Due to redundancy and personal issues I fell behind with remittance. I negotiated a payment plan but there is still about £3000 currently due.
I am under pressure to sell and I am panicking this could hold me back if I have to pay off the arrears in advance. I'd like to sell up and subsequently repay the debt from the proceeds - is this achievable?
Do clarify with the lawyer dealing with your Polegate conveyancing but one option might be to arrange for the arrears to be transferred to the purchasers. The contractual price they pay would be adjusted to reflect the amount of debt they assume. They could then pay the fees once they are the owners.