Our son-in-law is purchasing a new build apartment in Hatch End with a mortgage from Santander. 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 Santander 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Finally the sale completed on my house in Hatch End last October but my buyer keeps calling every few hours to moan that her solicitor is waiting to hear from mine. What are the post completion sale formalities following completion?
Following your sale your lawyer should forward the transfer documentation and all supplemental paperwork to the purchaser's conveyancer. If applicable, your lawyer must also send confirmation that the home loan has been repaid to the purchasers lawyers. There are no post completion steps unique to conveyancing in Hatch End.
I have been told that property searches are a common reason for obstruction in Hatch End conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Hatch End.
Despite weeks of looking the Title Certificate and documents to my home can not be found. The solicitors who conducted the conveyancing in Hatch End 4 years ago have long since closed. What are my options?
In today’s world there are copies made of almost everything, and your solicitor should know exactly where to locate all the relevant paperwork so you can purchase or dispose of your house without any difficulty. If duplicates are not available, your solicitor may be able to put in place insurance or indemnities against future claims on the property.
We're new to the buying process - agreed a price, but the property agent told us that the vendor will only move forward if we instruct their preferred lawyers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer who is familiar with conveyancing in Hatch End
We suspect that the owner is unaware of this ultimatum. Should the vendor want ‘a quick sale', alienating a serious buyer is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are motivated purchasers (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)however you intend to use your preferred Hatch End conveyancing lawyers - as opposed tothe ones that will provide the estate agent a introducer fee or achieve conveyancing figures pre-set by HQ.
At what stage do I cover the costs of stamp duty due for my conveyancing in Hatch End?
The majority of lawyers tend to complete a Land Transaction Return Form for you as part of your Hatch End purchase transaction for you to sign. After completion your solicitor will submit your STL application to the Tax Authorities and - assuming they have the money - settle any Stamp Duty due on your behalf.