My grandson is purchasing a newly built flat in Bognor Regis with a mortgage from Principality. His conveyancer has said that there is 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 engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Principality 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 Principality conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Why is leasehold purchase conveyancing in Bognor Regis is more expensive?
Bognor Regis leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I used Arc property Solicitors a few years ago for my conveyancing in Bognor Regis. Now, I need the files but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing 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 Bognor Regis of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Due to the advice of my in-laws I had a survey completed on a property in Bognor Regis before instructing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor advised that some banks tend not give a mortgage on this type of premises.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bognor Regis. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bognor Regis to see if the conveyancing costs will increase in light of this.
My father-in-law has suggested that I instruct his conveyancing solicitors in Bognor Regis. Should I use them?
There are no two ways about it the ideal way to choose a conveyancing lawyer is to have feedback from friends or relatives who have actually experience in using the solicitor you're contemplating using.
My estate agent has suggested using their conveyancer for the conveyancing in Bognor Regis - Is it not simpler better to just instruct them?
It is worth checking if the selling agent is recommending a conveyancing practitioner or introducing to a solicitor. There are plenty of Bognor Regis estate agents who recommend two or three Bognor Regis conveyancing firms and get nothing from it.