My son-in-law is in the process of securing a newly built flat in Thornbury with a mortgage from Barclays. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
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 Barclays 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 Barclays 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 post code search directory identifying law firms on the Aldermore conveyancing panel. Do firms pay you a referral fee if I instruct them for our conveyancing in Thornbury?
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 Thornbury.
We are purchasing a detached bungalow in Thornbury. We would like to an extension at the rear at the property.Will legal investigations on the property include enquiries to determine if these alterations are allowed?
Your property lawyer should review the registered title as conveyancing in Thornbury will sometimes identify restrictions in the title deeds which prevent certain alterations or require the consent of a 3rd party. Some additions call for local authority planning consent and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor ahead of any purchase.
We had selected conveyancing lawyers located in Thornbury on the Co-operative solicitor approved list. They have just invoiced me a separate fee for handling the Co-operative mortgage. Is this a supplemental conveyancing fee set by Co-operative?
As unfair as it may seem, as long as it’s in their Terms of Engagement or Quote then yes your solicitor can levy a fee for this. This fee is not dictated by Co-operative but by your Thornbury solicitor. Some firms on the Co-operative panel will levy ’dealing with mortgage’ fee but many firms include it on their overall fee.
We were going to get a OIP from TSB this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do TSB recommend any Thornbury solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Thornbury solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
We are buying a property and the solicitor has identified Chancel Repair for which the property could be obligated to pay because it falls into the area of such a church. She has mentioned insurance. Is this really warranted for conveyancing in Thornbury
Unless a prior acquisition of the premises took place post 12 October 2013 you can take it that solicitors handling conveyancing in Thornbury to remain encouraging a chancel search and or chancel repair liability policy.
Having had my offer accepted I require leasehold conveyancing in Thornbury. Before I get started I require certainty as to the remaining lease term.
Assuming the lease is registered - and most are in Thornbury - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Thornbury - Sample of Questions you should consider before buying
The answer will be helpful as a) areas could result in problems for the block as the common areas may begin to deteriorate if maintenance are not paid for b) if the leasehold owners have an issue with the managing agents you will need to know about it It would be sensible to find out as much as you can about the company managing the block as they will affect your use and enjoyment of the property. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to daily issues like the upkeep of the common parts. Don't be afraid to ask other people what they think of their management. On a final note, be sure you know the dates that you are obliged pay the maintenance charge to the managing agents and precisely how they are spending that money. You should be aware if it is less than 80 years it will impact the value of the property. Check with your bank that they are willing to to proceed given the lease term. Leases with fewer than 80 years remaining means that you will probably need a lease extension sooner rather than later and it is worth discovering how much this would cost. Remember, in most cases you would be be obliged to have owned the property for a couple of years before you are legally able to exercise a lease extension.
I am purchasing a house and cash is in place. I have provided solicitor with two distinct forms of photo identification, bank statement, numerous utility bills. Now he needs a copy from a probate lawyer advising that the funds are in place 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 Thornbury conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.