My son-in-law is purchasing a house that has just been built in Petts Wood with a home loan from TSB. His solicitor has advised him of 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 form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the TSB 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Do I have to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will instruct a firm who offer conveyancing in Petts Wood so that I can pop in to their offices when needed.
Nowadays conveyancing panel lawyers for banks undertake all of the communications via the post, internet or over the phone. This enables them to carry out the conveyancing transaction regardless of where you live in England or Wales. However you can see if you have the option of attending the offices of your conveyancing lawyer if just in case this is required.
We are aiming to move property in February. Does my conveyancing solicitor update the removal company on the day of completion. Incidentally, can you suggest a removal company in Petts Wood. Conveyancing solicitor was found prior to coming across this page.
On the afternoon of completion you can collect the keys from the estate agent but this can only be done after the previous owners solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be given over. You should advise the removal men that you are ready to move in. As a matter of policy we do not suggest a specific removal company but can assist you in finding a conveyancing in Petts Wood or a lawyer with expertise in conveyancing in Petts Wood.
My solicitor has informed me that restrictive coveneant insurance is required on my purchase. What is the level of cover for Petts Wood conveyancing?
The right level of restrictive coveneant indemnity insurance should be dictated by who your lender. It would differ for example between Nationwide Building Society and The Royal Bank of Scotland. Conveyancing lawyers as opposed to members of the public take out such policies.
Completion of my purchase has taken place for my property in Petts Wood. Conveyancing was satisfactory but I would like to complain about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I am buying a new build apartment in Petts Wood. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Petts Wood
-
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I decided to have a survey done on a property in Petts Wood in advance of instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies may not grant a mortgage on such a home.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you e-mail us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Petts Wood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Petts Wood to see if the conveyancing will be more expensive.
I'm converting the mortgage on my primary home to a buy to let mortgage with Clydesdale and intend to use the remaining equity as a down payment on another property. The location we are looking at is Petts Wood. Will your conveyancers be able to act for both sets of banks and link together the transactions?
Make use of our comparison tool on this site to ensure that the lawyers are on the appropriate lender panels. On the basis that they are the lawyer should be able to tie up the two deals but you should have a chat with you solicitor and make apparent your expectations and needs.