Our god-son is buying a newly built flat in Wickford with a mortgage from Skipton. His solicitor 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 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 Skipton conveyancing panel as a standard part of the process, and to the surveyor 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 Skipton conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can your site be used to locate a Conveyancing solicitor in Wickford even if I’m not buying or selling a house, for example where I intend to buy an office in Wickford with a loan from TSB?
The service is predominantly utilised to get a quote from domestic conveyancing solicitors in Wickford but we have recorded towards the bottom of this page a selection of Wickford commercial conveyancing firms. You should enquire with the firm directly to check if they can also act for TSB
The Wickford conveyancing lawyers that just started acting on my house acquisition in Wickford have without warning closed. They were on acting for me because I had to have a lawyer on the Santander conveyancing panel and my preferred Wickford lawyer was not. I issued them a cheque for two hundred pounds in advance. What are my options?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Santander conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
How does conveyancing in Wickford differ for new build properties?
Most buyers of new build residence in Wickford contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Wickford tend to purchase the site, 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 property lawyers 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 accustomed to new build conveyancing in Wickford or who has acted in the same development.
Is it best to appoint a Wickford conveyancing solicitor who is local to the property I am hoping to buy? I have an old university friend who can deal with the legal formalities but they are based 400miles drive away.
The benefit of a high street Wickford conveyancing practice is that you can drop in to execute documents, deliver your identification documents and pester them if necessary. Having local Wickford know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that must surpass using an unfamiliar Wickford conveyancing lawyer just because they are round the corner.
The lawyers carrying out our conveyancing in Wickford has forwarded papers to review that state the property is unregistered with epitome documents. Why is the property not registred at the Land Registry?
Whilst the vast majorities of properties in Wickford are now registered with HMLR there are still some that remain unregistered. Any property in Wickford that has been purchased since the late 1980’s will have been registered at the Land Registry under the compulsory ‘first registration’ scheme. However, if a Wickford property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Wickford conveyancing solicitors will be familiar with such matters but where uncertainty exists the prevailing advice these days seems to be for the seller to deal with the registration formalities first and then deal with the sale conveyance - this will have a domino effect to result in a significant delay.