My son-in-law is in the process of securing a new build apartment in Leeswood with a mortgage from TSB. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form 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 TSB 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We're in Leeswood, First timers buying with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My wife and I are downsizing from our home in Leeswood and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Leeswood conveyancer would know that there is no such problem. It does beg the question why the buyers used a factory type conveyancing outfit rather than a conveyancing solicitor in Leeswood. Having lived in Leeswood for three years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification need.
It would appear that you have a conveyancing solicitor already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Leeswood is the location of the property. What do you suggest?
Flying freeholds in Leeswood are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Leeswood you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leeswood may decide 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 premises.
I'm refinancing my current house to a buy to let mortgage with Lloyds TSB Bank and I will use the rest of the raised equity as a down payment on further house. The neighborhood we are interested in is Leeswood. Will your solicitors be able to act for both sets of mortgage companies and link together the conveyances?
Do use our comparison tool on this page to check that the conveyancers are on the relevant lender panels. On the basis that they are the lawyer will be able to tie up the two conveyancing matters but you should have a chat with you lawyer and specify your desired outcome and requirements.
I bought a house in Leeswood last 24/4/2024 and to date it is still not registered with HMLR. It is part of a development site and my lawyer told me that it may take 12 months to complete the registration formalities. I have called HMLR directly and they have informed me the initial application was cancelled due to failure to reply to requisitions. Should I be concerned?
It is your property lawyer that you should turn to here in order to satisfy any questions which have been raised as part of the registration process for your Leeswood property. Normal Leeswood conveyancing practice includes an undertaking on the part of the seller's conveyancer that they will assist in resolving any registration raised by HMLR so it may be a case of seeking to enforce that undertaking in some way.