My son-in-law is purchasing a newly built flat in Llanidloes with a home loan from Coventry BS. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document 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 Coventry BS 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 Coventry BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Llanidloes. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 6/9/2026, the requirements read as follows :
I'm buying a new build house in Llanidloes benefiting from help to buy. The builders would not reduce the price so I negotiated 6k of additionals instead. The estate agent advised me not disclose to my conveyancer about this deal as it would jeopardize my loan with the bank. Is this normal?.
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.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, no chain conveyancing. Llanidloes is the location of the property. What do you suggest?
Flying freeholds in Llanidloes are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Llanidloes you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Llanidloes 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 residence.
I'm refinancing my current home to a BTL loan with The Mortgage Works and intend to use the remaining equity as a deposit on further house. The neighborhood we are looking at is Llanidloes. Will your conveyancers be able to act for the two banks and link together the two deals?
Do use our search tool on this site to ensure that the lawyers are on the appropriate lender panels. Assuming that they are your conveyancer will be able to connect the two transactions but you should have a chat with you lawyer and make apparent your expectations and requirements.
My partner and I have just had an offer accepted on a house and had meeting on Monday with Leeds Building Society for the mortgage. They advised me that when it comes to appointing a conveyancing practitioner that unless they are on their approved panel of lawyers then we will have to pay out an additional charge of £200. This is because they would then have to select a solicitor to act on their behalf as well as the one we choose to act for ourselves and we will be on the hook for their fees. I have asked Leeds Building Society to supply me with a list so I can request quotes only from their approved conveyancers but was told they dont have such a list to hand over. Is there a simple way of finding out who is on a lender panel?
You can enquire of Leeds Building Society what their criteria for panel membership is for a solicitor.Thereafter ask the lawyer of your choice whether they fit that criteria and have they acted on loans for Leeds Building Society previously. If the answer to those is yes, then just clarify this with Leeds Building Society. Alternatively please use our search tool and we should be able to locate a lawyer in Llanidloes on the panel for Leeds Building Society.