Our god-son is purchasing a house that has just been built in Halesworth with a home loan from Virgin Money. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form 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 Virgin Money 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 Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
In what way does my ID and proof of funds have anything to do with my conveyancing in Halesworth? Why is this being asked of me?
Anti-terror and anti-money-laundering regulations require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing instruction. The Client Care letter that you need to sign should reaffirm this. Your lender will also require certain documents to be checked. Should you are unwilling to hand over ID verification documents, your lawyer would not be able to act for you.
Our mortgage company has recommended solicitors on their panel based in Halesworth but I would rather instruct a conveyancing lawyer in Halesworth or nearer to where I live. Are you able to help?
It is by no means the case that all Halesworth conveyancing practitioners are approved and listed on all banks conveyancing panel. Use our find an approved solicitor tool to identify a Halesworth conveyancing firm on the on the lender panel.
I have recentlybeen informed that Arc property Solicitors have closed. They conducted my conveyancing in Halesworth for a purchase of a leasehold flat 9 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The easiest method to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Halesworth conveyancing specialists.
How does conveyancing in Halesworth differ for newly converted properties?
Most buyers of new build property in Halesworth contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Halesworth tend to purchase 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 property lawyers 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 Halesworth or who has acted in the same development.
I need to instruct a conveyancing practitioner in Halesworth for my house move. Is there any facility to check a firm’s complaints history with the profession’s regulator?
One can find published Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator could monitor call for training purposes.