My nephew is in the process of securing a house that has just been built in Radcliffe on Trent with a mortgage from UBS. His conveyancer has advised him of 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 UBS 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 UBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can I use your services to find a Conveyancing solicitor in Radcliffe on Trent even if I’m not purchasing or selling a house, for example if I want to acquire a shop in Radcliffe on Trent with a loan from TSB?
Our search tool is mainly utilised to locate domestic conveyancing solicitors in Radcliffe on Trent but we have listed towards the end of this page a few Radcliffe on Trent commercial conveyancing firms. You will need to enquire with the solicitors directly to establish if they are also authorised to represent TSB
My Solicitor in Radcliffe on Trent is not on the TSB Approved Panel. Can I still use my family solicitor notwithstanding that they are excluded from the TSB list of approved lawyers?
Your options are as follows:
- Complete the purchase with your preferred Radcliffe on Trent lawyers but TSB will need to instruct a conveyancer on their list of acceptable firms. This will result in additional overall conveyancing fees as well as result in delays.
- Choose a new practitioner to act in the purchase, remembering to check they are Convince your conveyancer to do everything within their powers to join the TSB conveyancing panel
Are there restrictive covenants that are commonly identified during conveyancing in Radcliffe on Trent?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Radcliffe on Trent. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Radcliffe on Trent differ for newly converted properties?
Most buyers of new build residence in Radcliffe on Trent come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Radcliffe on Trent typically buy the real estate, 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 conveyancers 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 accustomed to new build conveyancing in Radcliffe on Trent or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Radcliffe on Trent is where the house is located. Is there any guidance you can impart?
Flying freeholds in Radcliffe on Trent are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Radcliffe on Trent you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Radcliffe on Trent may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.