Our son is buying a house that has just been built in Nag's Head with a mortgage from Bank of Ireland. 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 transaction. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland conveyancing panel as a standard part of the process, and to the valuer 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 Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having sold my house in Nag's Head last March yet the purchaser is calling me to say his solicitor needs to hear from mine. What should have happened now that I have sold?
Post completion of your sale your conveyancer should forward the transfer deeds and all additional paperwork to the purchaser's solicitors. Where appropriate, your conveyancer should also confirm that the legal charge in favour of the lender has been redeemed to the purchasers solicitors. There are no post completion tasks peculiar conveyancing in Nag's Head.
We had chosen conveyancers locally in Nag's Head on the TSB solicitor approved list. They have just billed me a further sum for handling the TSB mortgage. Is this an additional conveyancing fee specified by TSB?
Unfortunately, so long as it is in their Terms and Conditions or estimate then yes your solicitor can charge a fee for this. The charge is not dictated by TSB but by your Nag's Head property lawyer. Some firms on the TSB panel will levy an ‘acting for lender’ fee but many firms include it on their overall fee.
My wife and I have arranged the release of further funds on our home loan from Santander as we want to carry out alterations to our home in Nag's Head. Do we need to appoint a nearby Nag's Head solicitor on the Santander conveyancing panel to handle the paperwork?
Santander don't usually instruct a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander panel.
I'm in the throws of viewing apartments in Nag's Head and I am now considering a potential offer. Should I already have a lawyer appointed at this stage? I am planning to take a mortgage with Skipton.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are seeking a mortgage with Skipton, ask your prospective lawyers if they are on the Skipton conveyancing panel otherwise they can't do the mortgage legal work.
What can a local search inform me regarding the property my wife and I purchasing in Nag's Head?
Nag's Head conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search plays an important role in many a Nag's Head conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I used Wolstenholmes a few years ago for my conveyancing in Nag's Head. Now, I need the files however the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Nag's Head of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Nag's Head is where the house is located. Is there any advice you can give?
Flying freeholds in Nag's Head are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Nag's Head you would need to get your solicitor to go 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 Nag's Head 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.