Our son is about to exchange on a house that has just been built in Shiremoor with a home loan from RBS. His solicitor 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 involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the RBS 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 RBS 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 locate a Conveyancing solicitor in Shiremoor even if I’m not buying or disposing of a house, for example where I want to buy a shop in Shiremoor with a mortgage from Bank of Scotland?
Our comparison service is mainly utilised to select residential conveyancing solicitors in Shiremoor but we have listed at the end of this page a selection of Shiremoor commercial conveyancing firms. You should speak with the company directly to check if they can also act for Bank of Scotland
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Shiremoor. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/8/2026, the requirements read as follows :
When it comes to lenders such as Bank of Ireland, do Shiremoor solicitors incur an annual charge to be on the conveyancing panel?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
Can I be sure that the Shiremoor conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in Shiremoor obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the lawyer carrying out your conveyancing.
I can not fathom if my lender requires a lease extension. I have telephoned my Shiremoor building society branch on numerous occasions and was told it does not affect the mortgage offer and they would lend. My Shiremoor conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
As long as the property lawyer is on the lender approved list, she or he must follow the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
It has been 3 months following my purchase conveyancing in Shiremoor concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Shiremoor differ for new build properties?
Most buyers of new build or newly converted property in Shiremoor contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is completed. This is because builders in Shiremoor tend to purchase 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 conveyancing solicitors 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 Shiremoor or who has acted in the same development.