My son is purchasing a house that has just been built in Denham with a home loan from Clydesdale. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale conveyancing panel as a standard part of the process, and to the surveyor 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 Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What is the best way to check that the solicitor conducting my conveyancing in Denham is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Yorkshire Building Society thus spending £187.00 plus VAT in additional conveyancing charges.
Feel free to make the most of the search tool on this web page. Please choose the lender and type ‘Denham’ or your preferred area and you will see numerous conveyancers based in Denham or by proximity to you.
I'm purchasing a new build house in Denham with a loan from Virgin Money. The builders would not budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not disclose to my conveyancer about the deal as it would jeopardize my mortgage with the lender. 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 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 opted to have a survey completed on a property in Denham before appointing conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a house.
It varies from the lender to lender. HSBC has different instructions from Halifax. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Denham. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Denham and I am already nervous. I couldn't find anything specific about Denham. Conveyancing will be needed in due course but do you know about the Denham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Denham. In the meantime here are some basic statistics that we found
Living abroad it is not practicable to be present at my Denham conveyancing practitioners office to sign documents for conveyancing in Denham – is this a problem?
Not a problem. Denham conveyancing solicitors can undertake home moves for clients nationally. You are unlikely to be required to visit a Denham conveyancers office. They can handle all communications via phone, post and email - whatever works for you.