My grandson is in the process of securing a house that has just been built in Shildon with a mortgage from Co-operative. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Co-operative conveyancing panel as a standard part of the process, and to the valuer 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 Co-operative conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What does my ID and proof of funds have anything to do with my conveyancing in Shildon? Is this really necessary?
You are right in the requirement set out by your solicitor has nothing to do with conveyancing in Shildon. However these days you can not complete any conveyancing transaction without first submitting proof of your identity. This usually takes the form of a either your passport or driving licence and a utility bill. Please note that if you are supplying your driving licence as evidence of ID it needs to be both the paper element as well as the photo card part, one is not sufficient in the absence of the other.
Verification of your source of money is required under Money Laundering Regulations. Please do not be offended when when this is requested of you as your conveyancing solicitor will need to have this information on file. Your Shildon conveyancing lawyer will need to see evidence of proof of funds prior to accepting any funds from you into their client account and they may also ask further questions regarding the origin of monies.
I have been referred to a conveyancing solicitor in Shildon. I I am struggling to find out if they are accepted on the Santander conveyancing panel. Could you assist?
You should phone your lawyer and ask them if they can act for the lender. Otherwise please call Santander who may be able to confirm.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial property in Shildon?
Its becoming the norm that commercial conveyancing solicitors in Shildon will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Shildon. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Shildon.
For every commercial conveyancing transaction in Shildon it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may cause delays to Shildon commercial conveyancing transactions as well as pose a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Shildon.
Due to the guidance of my in-laws I had a survey completed on a house in Shildon before instructing solicitors. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some lenders may not give a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you contact us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Shildon. Conveyancing will be smoother if you use a solicitor in Shildon especially if they regularly deal with such properties in Shildon.
My father-in-law has urged me to appoint his lawyers for conveyancing in Shildon. Do I take his recommendation?
There are no two ways about it the ideal way to choose a conveyancing lawyer is to get referrals from friends or relatives who have actually experience in using the firm you're contemplating using.