Our grandson is about to exchange on a house that has just been built in Skipton with a mortgage from Lloyds. His lawyer 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 involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Lloyds 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 Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
The Skipton conveyancing solicitors that I appointed last week on my house acquisition in Skipton have without warning shut down. I chose them because I needed a lawyer on the HSBC conveyancing panel and my family Skipton lawyer was not. I gave my credit card details for them to take £195 for searches. What should be my next steps?
If you have an estate agent involved then inform them straight away so that they advise the vendors 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 HSBC 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 lawyers should be in a position to help.
I have justdiscovered that Action Conveyancing have closed. They carried out my conveyancing in Skipton for a purchase of a leasehold apartment 18 months ago. How can I check that my home is registered correctly in the name of the former proprietor?
The easiest way to check 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 Skipton conveyancing specialists.
I decided to have a survey carried out on a house in Skipton before instructing lawyers. I have been advised that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies may refuse to grant a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Skipton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Skipton to see if the conveyancing will be more expensive.
Given that I will soon part with hundreds of thousands of pounds on a two bedroom apartment in Skipton I wish to talk to a solicitor concerning theconveyancing before instructing the firm. Can this be arranged?
Absolutely - we would be pleased to talk to you we do not take any clients on without you first talking to the conveyancer due to be conducting your property ownership legalities in Skipton.There is no ‘factory style conveyancing’ - each client is an important person, not a matter number. The solicitors that we put you in touch with believe that the fees you are provided with for your conveyancing in Skipton should be the amount on the final invoice that you are charged.
I am purchasing a maisonette mortgage free. I have provided conveyancer with two separate evidence of photo identification, bank statement, endless utility bills. Now he wants a copy from a probate lawyer stating that the funds are legitimate and that it has come from inheritance and not via illegitimate means.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Skipton conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.