Our god-son is purchasing a house that has just been built in Hornsey with a mortgage from Nottingham. His lawyer has said that there is a delay in completing 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 Nottingham 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 Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Will conveyancers ask for money up-front for my conveyancing in Hornsey?
Where you are retaining lawyers for conveyancing in Hornsey your solicitor will request that you put them with funds to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the purchase price then this should be required shortly in advance of contracts are exchanged. Any further balance that is due should be sent to your lawyer shortly before completion.
I am considering applying for a HSBC mortgage for purchase of a new build (under development) in Hornsey with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for HSBC ?
There is nothing to stop you using your solicitor, but HSBC will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Should commercial conveyancing searches disclose impending roadworks that could affect a commercial land in Hornsey?
Its becoming the norm that commercial conveyancing solicitors in Hornsey will carry out a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Hornsey. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hornsey.
For every commercial conveyancing transaction in Hornsey it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately can cause delays to Hornsey commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for residential conveyancing in Hornsey.
Due to the advice of my in-laws I had a survey completed on a property in Hornsey before appointing conveyancers. I have been advised that there is a flying freehold overhang to the property. Our surveyor has said that some lenders may refuse to give a mortgage on such a home.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hornsey. Conveyancing will be smoother if you use a solicitor in Hornsey especially if they are acquainted with such properties in Hornsey.
Are there any apps to assist me to search for a Hornsey solicitor on the National Westminster Bank conveyancing panel? I have wheels and am prepared to travel upto 10kilometers to meet the conveyancer.
You can use the search on this website. Please choose the mortgage company and your location and you will see a number of Hornsey conveyancing lawyers based on proximity. We have listed some Hornsey conveyancing firms at the bottom of this page and you can contact them to check if they are on the National Westminster Bank member panel