Our son-in-law is purchasing a house that has just been built in Great Dunmow with a mortgage from Santander. His solicitor has said that there is a delay in completing 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 Santander conveyancing panel as a standard part of the process, and to the valuer 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am in the process of refinancing my flat in Great Dunmow, does my lawyer have to be on the Nottingham Solicitor panel?
In theory, you could use a solicitor that is not on the Nottingham conveyancing panel, but Nottingham would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
Due to the guidance of my in-laws I had a survey completed on a house in Great Dunmow before appointing lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some lenders may refuse to give a loan on this type of premises.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Great Dunmow. Conveyancing may be slightly more expensive based on your lender's requirements.
Am I right to be concerned by estate agents that I am dealing with are encouraging me to use an online conveyancing firm as opposed to a High Street Great Dunmow conveyancing practice?
As is the case with lots of professional services, often recommendations from relatives can be worth their weight in gold. But there are numerous people with a keen interest in a conveyancing transaction; estate agents, financial adviser and lenders might all put forward conveyancers to appoint. Sometimes the solicitors might be known to one of the organisations as experts in their field, but occasionally there may be a financial incentive behind the recommendation. You are free to appoint your preferred conveyancer. Don't forget that many banks specify a panel list of solicitors you have to use for the mortgage related work in your transaction.
I need to instruct a conveyancing solicitor for purchase conveyancing in Great Dunmow. I've stumble across a web site which looks to be the ideal solution If it is possible to get all formalities done via email that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Me and my wife have just had an offer agreed on a house and had an appointment on Wednesday with Nationwide for the mortgage. They warned us that when it comes to selecting a lawyer that unless they are on their approved list of conveyancers then we will have to pay out a further charge of £200. This is because they would then have to select a property lawyer to act on their behalf as well as the one we choose to act for ourselves and we are liable for their costs. I have asked Nationwide to supply me with a list so I can seek estimates only from their approved conveyancers but was told that I need to check with each individual lawyer to see if they are on the panel. Is there a list online?
Ask Nationwide what their panel criteria is for a conveyancer.Then ask the solicitor of your choice whether they fit that criteria and have they acted on mortgages for Nationwide historically. If the answer to those is yes, then just clarify this with Nationwide. Alternatively please utilise our search facility and we should be able to find you a conveyancer in Great Dunmow on the approved list for Nationwide.