My nephew is purchasing a house that has just been built in Harwich with a home loan from Co-operative. 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 engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Co-operative 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 Co-operative conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Why do I have to pay up front when it comes to conveyancing in Harwich?
Where you are retaining lawyers for conveyancing in Harwich your lawyer will ask you place them with monies to cover the the cost of the conveyancing searches. Normally this is called for to cover the fees of the conveyancing searches. If any down payment is as part of the purchase price then this will be needed shortly before contracts are exchanged. Any further balance that is due will be payable shortly before completion.
Our bank has suggested a law firm on their panel based in Harwich but I would rather choose a conveyancing lawyer in Harwich round the corner to me. Are you able to assist?
Not all Harwich conveyancing practices are approved and listed on all banks conveyancing panel. Use the above find an approved solicitor tool to find a Harwich conveyancing solicitor on the on the lender panel.
I am buying my first flat in Harwich benefiting from help to buy. The builders refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not disclose to my lawyer about the deal as it will affect my loan with the bank. Should I keep quiet?.
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.
My husband and I are 14 days into a leasehold purchase having been referred to solicitors by the local agent to carry out the conveyancing in Harwich. We are not happy. Could you you assist me in finding new solicitors?
A conveyancer would have to be really bad in order to consider diss instructing them. Has your loan offer been generated? If so you will need to advise them of the new solicitor and get the mortgage documents are issued to the new lawyers. Your new solicitor ideally should be on the mortgage company approved list to avoid supplemental charges and delays. So that should be your starting point. The find a solicitor tool should help you find a lender approved lawyer for your home move in Harwich
I note that you have a post code search directory identifying firms on the mortgage company conveyancing panel. Do Harwich conveyancing firms pay you a referral fee if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Harwich.