Our nephew is about to exchange on a newly built flat in Bridgnorth with a home loan from UBS. His lawyer 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 UBS conveyancing panel as a standard part of the process, and to the surveyor when requested. 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 UBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are looking to buy a flat and need a conveyancing solicitor in Bridgnorth who is on the Kent Reliance approved panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Bridgnorth.
I have an AIP. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel lawyer as I would prefer to instruct a Bridgnorth based conveyancing firm?
You should check but the chances are that allocate you one of their panel conveyancers where you accept the "fee-free" offer. Contact the bank to determine if they make available a cash alternative. Some mortgage companies have previously offered a £250 cashback as an alternative in which case that money can go towards your preferred conveyancing solicitor near Bridgnorth.
Can I be sure that the Bridgnorth conveyancing solicitor on the Coventry BS panel is any good?
When it comes to conveyancing in Bridgnorth obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the lawyer conducting your conveyancing.
About to purchase flat in Bridgnorth. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Clydesdale conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Bridgnorth solicitor is on the Clydesdale conveyancing panel.
Yorkshire BS have agreed my mortgage in principle, my offer on a apartment in Bridgnorth has been accepted, now what?
The estate agent will need to know who your solicitors are (ensure that the conveyancers are on the bank’s panel). Call up Yorkshire BS or the financial adviser and complete any appropriate forms. Yorkshire BS will instruct a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes on average a fortnight to get a mortgage offer. Yorkshire BS will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Bridgnorth.
I decided to have a survey done on a house in Bridgnorth before appointing solicitors. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend not give a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bridgnorth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bridgnorth to see if the conveyancing will be more expensive.
My partner has suggested that I use his lawyers for conveyancing in Bridgnorth. Do I follow his guidance?
No doubt the best way to select a conveyancing lawyer is to get recommendations from friends or family who have previously instructed the firm you're considering.