Our nephew is in the process of securing a new build apartment in South Petherton with a mortgage from Santander. His conveyancer has advised him of a delay in receiving 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 purchase. 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 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
At what point can the exchange of contracts happen for sale conveyancing in South Petherton and am I required to attend the solicitors office?
Where you are local to one of the conveyancing solicitors in South Petherton you are invited in to sign documents. However, the lender approved solicitors we work with provide countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when dealing with you digitally. The signing of the contract is not when everything is set in stone. A signed contract simply enables the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in South Petherton)to be in the office at the appropriate time.
Can I be sure that the South Petherton conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in South Petherton obtaining recommendations is a sensible starting point. 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 advertising the lowest fees. We would always recommend that you speak with the solicitor handling your conveyancing.
I have instructed a South Petherton solicitor having checked that they are on the Virgin Money conveyancing panel. Does my lawyer arrange the survey of the property?
Virgin Money will need an independent valuation of the property. Your lawyer will not arrange this. Usually Virgin Money will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own South Petherton surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Santander have agreed my mortgage in principle, my offer on a house in South Petherton has been accepted, now what?
The property agent will need to be informed of your lawyer's details (make sure the property lawyers are on the bank’s panel). Telephone Santander or your broker and finalise any relevant documentation. Santander will instruct a valuer who will get in contact with the estate agent or owners to schedule a time for the valuation to take place. Once carried out (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Santander will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in South Petherton.
I have been told that property searches are a common cause of delay in South Petherton conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in South Petherton.
In sourcing the world wide web for the words on line conveyancing in South Petherton it shows results of numerous solicitorslocally. With so much choice what is the best way to find the right conveyancing solicitor for my move?
The ideal way of seeking a suitable conveyancer is via personal referral, so ask friends and those you trust who have bought a property in South Petherton or the reputable estate agent or mortgage broker. Fees for conveyancing in South Petherton differ, so it's sensible to obtain at least three fee estimates from different solicitors. Dont forget to clarify what costs in the quote includes.
Why is New Build conveyancing in South Petherton more expensive?
Acquiring a brand new premises is completely different from the standard house purchase conveyancing in South Petherton. Firstly housebuilders ordinarily insist contracts to exchange within a tight deadline, so there is a a great deal of pressure on your conveyancer to ensure all is in order. In addition new build properties frequently involve the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Mortgage company requirements are also more demanding. Due to the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.