Our nephew is in the process of securing a newly built flat in Brigg with a home loan from Bank of Ireland. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland 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 Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do I need to have a meeting at the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in Brigg so that I can attend their offices when needed.
Whereas this was necessary 15 years ago, most mortgage companies no longer oblige their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to supply identification documents and there are still manifest advantages to using a locally based ayer, in your case a conveyancing solicitor in Brigg.
Do commercial conveyancing searches reveal proposed roadworks that may affect a commercial premises in Brigg?
Its becoming the norm that commercial conveyancing solicitors in Brigg will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Brigg. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Brigg.
For every commercial conveyancing transaction in Brigg it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Brigg commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Brigg.
I used Stirling Law several years past for my conveyancing in Brigg. Now, I need my documents however the law firm has closed. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate 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 Brigg of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build house in Brigg with the aid of help to buy. The developers refused to budge the amount so I negotiated 6k of additionals instead. The estate agent advised me not to tell my conveyancer about this extras as it may put at risk my mortgage with the bank. Should I keep quiet?.
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 CML website. CML 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'm converting the mortgage on my existing property to a BTL mortgage with Barclays Direct and intend to use the remaining equity towards a second house. The location we are interested in is Brigg. Will your lawyers be able to act for both sets of lenders and link together the two deals?
Make use of our search tool on this site to check that the lawyers are on the appropriate lender panels. Having checked that they are your conveyancer should be able to simultaneously deal with the two transactions but you should have a chat with you conveyancer and communicate your expectations and requirements.