My son is buying a house that has just been built in Oxshott with a mortgage from Virgin Money. His conveyancer has said that there is a delay in completing 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 Virgin Money 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 Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My bid for a property was accepted at auction in Oxshott. Conveyancing is necessary. What are my next steps?
Now that you are exchanged you should instruct a conveyancing solicitor as a matter of urgency as you are faced with a fast approaching a drop dead date to complete the transaction. Every auction property should have a bespoke auction set of papers. This will include evidence of title and search results. Where you are dealing with leasehold property the legal papers may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You should hand this to your appointed conveyancing solicitor ASAP. Do make sure that your finances are in order to complete the transaction on the set completion date.
We were going to get a DIP from TSB this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do TSB recommend any Oxshott solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Oxshott solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
I am selling my flat. I had a double glazing fitted in July 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Coventry BS are being pedantic. The Oxshott solicitor who is on the Coventry BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Coventry BS are requiring a building regulation certificate. Why do Coventry BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Coventry BS have referred the matter to their valuer. The reason why Coventry BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Despite weeks of looking the Title Certificate and documents to our home are lost. The conveyancers who conducted the conveyancing in Oxshott 10 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to hold title official documentation to evidence that you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one round the corner in Oxshott I like with open areas and railway links nearby, however it's only got 49 years unexpired on the lease. There is not much else in Oxshott suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the shortness of the lease will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I have been pointed in your direction by numerous property agents in Oxshott to get a quote from a solicitor using your seach tool. What’s the financial inducement for Estate Agents to market your site rather than a competitor’s?
We don’t offer any commission for sending work our way. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Should I appoint a Oxshott conveyancing practitioner in close proximity to the house I am hoping to buy? I have an old university friend who can deal with the conveyancing however they are based a couple of hundredmiles away.
The benefit of a high street Oxshott conveyancing firm is that you can visit the firm to sign documents, hand in your ID and apply pressure on them if necessary. Having local Oxshott know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and they were happy that must trump using an unfamiliar Oxshott conveyancing lawyer just because they are round the corner.