My grandson is purchasing a house that has just been built in Taverham with a mortgage from Kent Reliance. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Kent Reliance 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 Kent Reliance 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 aiming to move home in September. Should my conveyancing solicitor update the removal company on the completion day. Incidentally, can you suggest a removal company in Taverham. Conveyancing firm was found before I stumbled across your site.
On the afternoon of completion you can collect the house keys from your property agent however this should only happen when the sellers conveyancers advise the agent that they have the completion monies and the keys can be collected. You should inform the removal company that they can start moving you in. As a matter of policy we do not recommend a specific removal organisation but can help you locate a conveyancing in Taverham or a legal practice with expertise in conveyancing in Taverham.
We expect to receive a OIP from TSB this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do TSB recommend any Taverham solicitors on the TSB conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Taverham solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
I was told four weeks ago that my mortgage has been agreed to by Kent Reliance. Is it usual for Kent Reliance to only issue the offer once my solicitor in Taverham is approved on their conveyancing panel? Kent Reliance have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
Various internet forums that I have come across warn that are the number one cause of hinderance in Taverham house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances in the conveyancing process. Searches are not likely to feature in any slowing down conveyancing in Taverham.
It has been 2 months since my purchase conveyancing in Taverham took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. 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 asset 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.
I am purchasing a new build house in Taverham with a mortgage from Alliance & Leicester . The sellers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not disclose to my lawyer about this side-deal as it could adversely affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
My company is hoping to lease a unit on the high street. Can you recommend solicitors offering no-move-no charges for commercial conveyancing in Taverham for less than £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Taverham, including the sale and purchase of businesses as well as simply premises. If you are hoping to purchase or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right lawyer. Regarding the charges this will depend on the structure and heads of terms of the deal. Please provide us with your contact information or call us so that we may provide you with comprehensive commercial conveyancing calculation.