My son is purchasing a new build apartment in Childs Hill with a home loan from Bank of Ireland. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
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 Bank of Ireland 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 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.
The deeds to our home are lost. The solicitors who dealt with the conveyancing in Childs Hill 5 years ago no longer exist. What are my next steps?
Assuming you have a registered title the information relating to your proprietorship will be evidenced by the Land Registry with a Title Number. It is possible to perform a search at the Land Registry, locate your property and secure up to date copies of the property title for less than a fiver. If the title is Leasehold then the Land Registry will usually retain a certified duplicate of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
How does conveyancing in Childs Hill differ for new build properties?
Most buyers of new build premises in Childs Hill contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is ready to move into. This is because house builders in Childs Hill usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Childs Hill or who has acted in the same development.
What does commercial conveyancing in Childs Hill cover?
Non domestic conveyancing in Childs Hill covers a broad range of services, supplied by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Am I best advised to use a Childs Hill conveyancing practitioner in close proximity to the house I am buying? I have an old university friend who can deal with the legal work but her office is over three hundred kilometers drive away.
The primary upside of using a high street Childs Hill conveyancing firm is that you can visit the firm to execute paperwork, deliver your ID and pester them if necessary. Having local Childs Hill know how is a benefit. However it's more important to get someone that will pull out all the stops for you. If if people you trust instructed your friend and the majority were happy that must surpass using an unfamiliar Childs Hill conveyancing solicitor solely due to them being based in the area.
Are Childs Hill conveyancing solicitors duty bound by the Law Society to publish clear conveyancing figures?
Contained within the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their charges to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, nevertheless, represent the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Childs Hill or beyond.