Our god-son is buying a newly built flat in St Helens with a home loan from Coventry BS. His conveyancer has advised him of a delay in completing 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 Coventry BS conveyancing panel as a standard part of the process, and to the surveyor 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 Coventry BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We see that you have a search directory listing firms on the Skipton conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in St Helens?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in St Helens.
My Conveyancer in St Helens is not listed on the Barnsley Building Society Approved Panel. Is it possible for me to use my family solicitor notwithstanding that they are excluded from the Barnsley Building Society list of approved lawyers?
Your options are as follows:
- Carry on with your preferred St Helens lawyers but Barnsley Building Society will need to instruct a solicitor on their list of acceptable firms. This will inevitably rack up the total conveyancing charges and cause delays.
- Get an alternative solicitor to act in the conveyancing, not forgetting to check they are Barnsley Building Society approved.
- Try to convince your Barnsley Building Society solicitor to attempt to join the Barnsley Building Society panel
I am due to move house in May. Will my conveyancing solicitor communicate with the removal company on the day of completion. Incidentally, can you put forward a removal company in St Helens. Conveyancing solicitor was chosen prior to coming across this site.
On the day of completion you will need to pick up the house keys from the property agent but this can only be done once the vendors conveyancers inform the agent that the monies to complete are in and the keys can be released. After that you should advise the removal company that they can start moving you in. As a matter of policy we do not suggest a particular removal organisation but can assist you in finding a residential property solicitor in St Helens or a lawyer that specialises in conveyancing in St Helens.
My solicitor has informed me that flying freehold insurance is needed on my purchase. What is the level of cover for St Helens conveyancing?
The right level of flying freehold indemnity insurance should be dictated by who your lender. It would differ for example between Birmingham Midshires and Virgin Money. Conveyancing solicitors as opposed to members of the public take out such policies.
I was told four weeks ago that my mortgage has been agreed to by Clydesdale. Is it usual for Clydesdale to only issue the offer once my solicitor in St Helens is approved on their conveyancing panel? Clydesdale have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Clydesdale to deal with your lawyer's application to be on the Clydesdale conveyancing panel. There's no guarantee that your solicitor will be accepted.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a straight forward, chain free conveyancing. St Helens is where the house is located. Can you shed any light on this issue?
Flying freeholds in St Helens are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside St Helens you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in St Helens may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
When it comes to my conveyancing in St Helens should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some St Helens conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.