My son-in-law is buying a new build apartment in Welling with a mortgage from Aldermore. His lawyer 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 Aldermore 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 Aldermore 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 Welling. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/6/2019, the requirements read as follows :
Will my conveyancer be raising questions about flooding as part of the conveyancing in Welling.
The risk of flooding is if increasing concern for solicitors dealing with homes in Welling. There are those who acquire a house in Welling, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to offer advice on flood risk, but there are a various searches that may be carried out by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in Welling. The conventional set of completed inquiry forms supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a standard question of the vendor to discover whether the premises has ever been flooded. In the event that flooding has previously occurred which is not revealed by the seller, then a buyer may bring a claim for damages as a result of such an incorrect response. The purchaser’s lawyers should also conduct an environmental search. This will indicate whether there is any known flood risk. If so, further inquiries will need to be carried out.
I own a semi-detached Victorian house in Welling. Conveyancing solicitor acted for me and Clydesdale. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Welling and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with the conveyancing lawyer who conducted the conveyancing.
I have been sourcing a conveyancing lawyer in Welling for my house move. Is it possible to check a firm’s complaints history with the profession’s regulator?
Anyone can review documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's record, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes recorded call for training requirements.
After what seems like an age a loan offer from a mortgage company for the remortgage of my 3 bedroom apartment is to be issued within the next few days. Are you able to recommend a cheap remortgage conveyancing law firm in Welling ?
You have come to the wrong place to search for the lowest fares for conveyancing in Welling. Our goal is to offer cost effective conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing brokers offering £99 conveyancing in Welling.At best, in opting for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in additional fee and still not receive the service required.