My son is purchasing a new build apartment in Taverham with a mortgage from Nottingham. His solicitor has advised him of 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 transaction. Therefore, it will be provided to your son’s lawyer who should be on the Nottingham 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 Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We note that you have a post code search directory identifying firms on the Aldermore conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Taverham?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Taverham.
We're in Taverham, First timers purchasing with a mortgage (lender is Principality , and our solicitor is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
How does conveyancing in Taverham differ for newly converted properties?
Most buyers of new build property in Taverham approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Taverham tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Taverham or who has acted in the same development.
What does commercial conveyancing in Taverham cover?
Taverham conveyancing for business premises covers a broad array of services, offered by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
The solicitors handling our conveyancing in Taverham has sent documents to review that indicate that the land is unregistered with epitome documents. Is it not the case that all houses in Taverham are registered?
Although most properties in Taverham are now registered with HM Land Registry there are still some that are unregistered. Any property in Taverham that has been remortgaged since the late 1980’s will have been registered at the Land Registry under the compulsory ‘first registration’ scheme. However, if a Taverham property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Many Taverham conveyancing practitioners will be familiar with this type of conveyancing but if any uncertainty reigns the conventional proposition these days seems to be for the seller to register it first and then deal with the sale conveyance - this will predictably result in a significant delay.