Our son-in-law is buying a newly built flat in Newington with a mortgage from Yorkshire BS. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
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 Yorkshire BS 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 Yorkshire BS 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 Newington last May yet the purchaser is e-mailing daily complaining that her lawyer is waiting to hear from mysolicitor. What are the post completion sale formalities now that I have sold?
Following your house sale your conveyancer is obliged to forward the transfer documentation and all of the paperwork to the buyer’s conveyancer. Where relevant, your solicitor should also evidence that the mortgage has been repaid to the purchasers conveyancers. There is unlikely to be post completion procedures unique to conveyancing in Newington.
What will a local search inform me regarding the house my wife and I buying in Newington?
Newington conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search plays a central role in most Newington conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search will supply information on, amongst other things, details on planning applications relevant to the property (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 headings.
Me and my brother own a terraced Georgian house in Newington. Conveyancing practitioner represented me and Bank of Ireland. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Newington and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing lawyer who carried out the work.
Due to the encouragement of my in-laws I had a survey completed on a property in Newington in advance of appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some banks will refuse to grant a mortgage on this type of home.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Newington. Conveyancing may be slightly more expensive based on your lender's requirements.
We have just had a bid accepted on our first home in Newington, and are now looking to get solicitors appointed. We have utilised the various rating tools and the quotes are from all over the country. Is it important to have a Newington conveyancing practitioner local to the prospective property? I am happy to do everything electronically, but I am thinking at some point we may be required to attend the solicitor's office to sign contracts?
Generally there is no need to attend the office of your conveyancing practitioner, they can post any relevant contracts to you, which you can sign and return. Many buyers and sellers nevertheless opt to instruct a locally based solicitor, but it is not a prerequisite for conveyancing in Newington.