Our grandson is purchasing a new build apartment in Stapleton with a mortgage from Nationwide. His conveyancer 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 form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nationwide 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 Nationwide 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 told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Stapleton. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 7/5/2022, the requirements read as follows :
We have a mortgage agreed in principle with Yorkshire BS. Stapleton conveyancing lawyers were selected. How long does it take for Yorkshire BS to send the offer to the conveyancing practitioner?
Some lenders take longer than others. Have Yorkshire BS conducted the valuation? Have you advised Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am buying a property in Stapleton. An unusual aspect is that the roof has a solar panel. Clydesdale have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Clydesdale your lawyer must check the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook includes minimum requirements for solar panel roof-space leases, and solicitors are required to report to Clydesdale where a lease does not meet these conditions. The requirements relate to the installation of panels on properties countrywide and is not limited to Stapleton.
After months of negotiation I have agreed a price on an apartment in Stapleton. My financial adviser recommended their conveyancers. I paid an upfront payment of £200. A couple of days later, the property lawyer contacted me sheepishly admitting that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Stapleton I like with a park and transport links in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Stapleton for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
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At this site receive an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Stapleton. As opposed to estate agents and brokerage sites we do not charge firms a fee if you select them for your home move in Stapleton
Been looking for a conveyancer for freehold sale conveyancing in Stapleton. I'm selling, simple no mortgage to redeem, no hurry, no onward purchase. Had an estimate from a property lawyer for nine hundred pounds excluding VAT which is a tad high given that its so straightforward. Can I pay less for conveyancing in Stapleton?
As it’s a sale only, £425 + VAT is likely to be about the lowest for a Stapleton solicitor firm.