My nephew is buying a new build apartment in Sandwich with a mortgage from Nottingham. His lawyer has advised him of a delay in completing 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 transaction. Therefore, it will be provided to your son’s lawyer who should be on the Nottingham 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 Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I am selling our house in Sandwich and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A high street Sandwich lawyer would know that there is no such problem. It does beg the question why the buyers are using a web based conveyancing outfit as opposed to a conveyancing solicitor in Sandwich. We have lived in Sandwich for six years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I used Arc property Solicitors a few years past for my conveyancing in Sandwich. Now, I need my documents but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Sandwich of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Sandwich benefiting from help to buy. The builders refused to reduce the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not inform my lawyer about the side-deal as it could affect my mortgage with Nottingham Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Do I need to be suspicious by third parties that I am dealing with are recommending a web based conveyancing firm as opposed to a High Street Sandwich conveyancing practice?
As is the case with many professional services, often referrals from connections can be worth their weight in gold. Nevertheless there are lots of parties with a keen interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may put forward lawyers to appoint. On occasion the conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there is an underlying commercial relationship behind the endorsement. You are free to appoint your preferred conveyancer. You need to be aware that most banks specify a panel list of solicitors you have to use for the lender aspect of your conveyancing.
As co-executor for the will of my uncle I am selling a house in Neath but reside in Sandwich. My conveyancer (based 300 kilometers from mehas requested that I execute a stat dec ahead of completion. Could you suggest a conveyancing solicitor in Sandwich to attest and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are located in Sandwich