Our god-son is buying a newly built flat in Audlem with a mortgage from Co-operative. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 Co-operative 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 Co-operative conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I used Action Conveyancing a few years past for my conveyancing in Audlem. I now require my file but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Audlem of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm purchasing a new build house in Audlem with a loan from National Westminster Bank. The builders refused to reduce the price so I negotiated £7000 of extras instead. The estate agent suggested that I not reveal to my lawyer about the extras as it would affect my loan with National Westminster Bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a flat up to £235,500 and found one near me in Audlem I like with amenity areas and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Audlem in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I am looking to sell my property. My former lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Audlem if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Audlem. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
We are 18 days into a leasehold purchase having been recommend to a firm by the high street agent to do our conveyancing in Audlem. I am am extremely dissatisfied with the level of service. Can you you assist me in finding new solicitors?
They would need to be really bad to suggest diss instructing them. Has your mortgage been generated? If so you will need to make them aware of the new contact details and ensure the loan are issued to the new lawyers. Your solicitor ideally needs to be on the lenders panel to avoid added charges and delays. That should be your starting point. Our search tool will assist you in finding a lender approved lawyer for your conveyancing in Audlem