Our grandson is buying a house that has just been built in Accrington with a home loan from RBS. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 RBS 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 RBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
It is 10 years ago since I purchased my home in Accrington. Conveyancing solicitors have recently been instructed on the sale but I am unable to find the title documents. Is this a major issue?
Don’t worry too much. First there is a possibility that the deeds will be kept by the mortgage company or they may be archived with the conveyancers who acted in your purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Almost all conveyancing in Accrington involves registered property but in the unlikely event that your property is unregistered it is more problematic but is resolvable.
Is there a search tool that I can use to investigate if the solicitor carrying out my conveyancing in Accrington is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Platform Home Loans Ltd thus paying £175.00 in further conveyancing bill.
Please do take advantage of the search tool on this site. Pick the lender and type ‘Accrington’ or your preferred area and you will be presented with numerous solicitors based in Accrington or by proximity to you.
I need some expedited conveyancing in Accrington as I am under a deadline to sign on the dotted line in less than 4 weeks. Fortunately I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not taking a home loan you are at liberty not to have searches conducted although no solicitor would advise that you don't. With plenty of history conveyancing in Accrington the following are examples of issues that can show up and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Road Schemes,...
Me and my brother purchased a renovated Edwardian property in Accrington. Conveyancing lawyer acted for me and Santander. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to review 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 Accrington 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 mortgage companies. You can also enquire as to the position with your conveyancing solicitor who conducted the work.
Due to the guidance of my in-laws I had a survey completed on a property in Accrington prior to appointing lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some lenders will refuse to grant a loan on such a home.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Accrington. Conveyancing will be smoother if you use a solicitor in Accrington especially if they are familiar with such properties in Accrington.