Our son-in-law is purchasing a new build apartment in Ollerton with a home loan from Principality. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
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 Principality 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 Principality conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are planning to acquire a flat and need a conveyancing solicitor in Ollerton who is on the Principality solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Principality . We don't recommend any particular firms conducting conveyancing in Ollerton.
I own a renovated Edwardian property in Ollerton. Conveyancing lawyer represented me and Accord Mortgages Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should review 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Ollerton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing practitioner who carried out the work.
How does conveyancing in Ollerton differ for new build properties?
Most buyers of new build or newly converted property in Ollerton approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Ollerton usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Ollerton or who has acted in the same development.
Due to the advice of my in-laws I had a survey completed on a property in Ollerton prior to retaining conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some lenders will refuse to grant a loan on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Ollerton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Ollerton to see if the conveyancing costs will increase in light of this.
In surfing the web for the phrase cheap conveyancing in Ollerton it brings up numerous property lawyerslocally. How do I determine which is the suitable solicitor for me?
The ideal method of finding a suitable conveyancer is via personal testimonial, so ask friends and those you trust who have acquired a property in Ollerton or a reputable estate agent or financial adviser. Costs for conveyancing in Ollerton differ, so it's advisable to obtain at least four costs illustrations from varying types of property lawyers. Dont forget to clarify that the fees are fixed.