Our son-in-law is about to exchange on a newly built flat in Okehampton with a home loan from Leeds Building Society. His solicitor has said that there is a delay in receiving 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 Leeds Building Society conveyancing panel as a standard part of the process, and to the valuer 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 Leeds Building Society conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do conveyancers ask for money up-front for conveyancing in Okehampton?
If you are buying a property in Okehampton your solicitor will ask you put them with funds to cover the the cost of the conveyancing searches. Ordinarily this is called for to cover the fees of the Local Authority Search. If any deposit is as part of the sale price then this will be asked for immediately in advance of contracts are exchanged. The closing balance that is due should be transferred a couple of days ahead of the day of completion.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Okehampton. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 26/7/2026, the requirements read as follows :
I'm purchasing a new build house in Okehampton with a loan from Alliance & Leicester . The developers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not reveal to my solicitor about the deal as it may adversely affect my loan with Alliance & Leicester . Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Having had my offer accepted I require leasehold conveyancing in Okehampton. Before diving in I would like to find out the remaining lease term.
If the lease is registered - and almost all are in Okehampton - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Leasehold Conveyancing in Okehampton - Examples of Questions you should consider Prior to Purchasing
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How many years are left on the lease? The best form of lease structure is where the freehold reversion is owned by the leaseholders. In this situation the leaseholders enjoy being in charge if their destiny and notwithstanding that a managing agent is usually employed where it is bigger than a house conversion, the managing agent acts for the leaseholders themselves. Who are the managing agents?
My parents cant seem to find their Okehampton property on the HMLR website. They have a vague recollection 50 years ago when they bought the property there were complications regarding the address not being recognised in some systems.
Nearly all premises in Okehampton should show up. Have you limited your search with simply the postcode. Usually it will identify all the properties inside the postcode. Assuming the property is recorded it will show up with a title number. Where they bought back in the 60’s it's conceivable it may be not yet registered. The property might still be revealed but with the title number shown 'na'. In this scenario you will need to locate the original title papers which might be with your parent’s lender.