Our son-in-law is purchasing a new build apartment in Harrow with a mortgage from Kent Reliance. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document 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 Kent Reliance 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 Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are expecting a mortgage offer soon. The bank mentioned the home loan came with free conveyancing. Does this mean I have to instruct their panel conveyancer as I would prefer to appoint a specialised conveyancing solicitor in Harrow?
You should check but the chances are that give you one of their panel lawyers should you accept the "fee-free" incentive. Call the bank and ask if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near Harrow.
I'm the only recipient of my late father’s will and I have everything in my name now, including the my former home in Harrow. Conveyancing formalities meant that the Land Registry date was in February. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership will be considered the same way as though I had purchased the property in February. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. Some mortgage companies would take a practical view as this requirement is chiefly there to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
How can we know in advance if a Harrow conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Harrow seeking recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the solicitor carrying out your conveyancing.
I have decided to exercise my right to buy my property in Harrow off the council. I have a mortgage agreed with Principality. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, no chain conveyancing. Harrow is the location of the property. Is there any guidance you can give?
Flying freeholds in Harrow are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Harrow you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Harrow may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
In my capacity as executor for the will of my grandmother I am disposing of a residence in Swansea but reside in Harrow. My solicitor (based 235 miles from meneeds me to sign a stat dec ahead of completion. Could you suggest a conveyancing practitioner in Harrow to witness this legal document for me?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are Harrow based
I have today placed an offer on an apartment in Harrow and the broker that we are using recommended his conveyancer. She quoted £800 including VAT and disbursements. Does this sound like a good deal?
Don't just go on 1 estimate. You should obtain like-for-like quotes for your conveyancing in Harrow. Then select one that you trust and crucially, is on the approved panel of the lender that you have applied for a mortgage from.