My son-in-law is in the process of securing a new build apartment in Seahouses with a mortgage from Santander. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
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 Santander 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Various web forums that I have visited warn that are the main cause of stalling in Seahouses conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Seahouses.
Have purchased a a detached house in Seahouses , What is the estimated time for the Land Registry to register my ownership? My Seahouses conveyancing solicitor works at snail pace, so I want to check the land registry aspects are concluded.
There is nothing unique about conveyancing in Seahouses registration formalities. Rather than based on location, timescales can vary according to who lodges the application, whether there are errors and if the Land registry communicate with any other persons or bodies. As of today roughly three quarters of such applications are completed within 12 days but some can be subject to longer hold-ups. Historically registration takes place once the buyer is living at the property therefore registration formalities is not always top priority but if there is a degree of urgency associated with the registration then you or your solicitor should speak with the land registry and explain the circumstances.
I opted to have a survey completed on a house in Seahouses ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks may refuse to grant a mortgage on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Halifax. If you contact us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Seahouses. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are novice buyers - agreed a price, but the estate agent told us that the seller will only move forward if we appoint the agent's preferred solicitors as they need an ‘expedited deal’. We would rather use a high street solicitor accustomed to conveyancing in Seahouses
We suspect that the seller is not behind this ultimatum. If they require ‘a quick sale', alienating a serious purchaser is likely to cause more damage than good. Avoid the agents and go straight to the sellers and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)however you are going to appoint your preferred Seahouses conveyancing firm - not the ones that will provide their negotiator at the agency a commission or achieve conveyancing targets demanded by HQ.
Are all Seahouses conveyancers on every lender conveyancing panel?
The Lexsure search tool on this page may be of use or you can go into your high street bank branch in Seahouses. Chances are that they will know some good conveyancing solicitors in Seahouses