Our god-son is in the process of securing a new build apartment in Temple with a home loan from UBS. His lawyer has said that there is 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 purchase. Therefore, it will be provided to your son’s lawyer who should be on the UBS 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 UBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What is your number one tip for finding a conveyancing solicitor in Temple
Do not opt for the lowest Temple conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
My uncle advised me that in buying a property in Temple there could be a number of restrictions as to what one can do in terms of external changes to the property. Is this right?
We are aware of a number of properties in Temple which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Temple should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My wife and I have organised a further advance on our home loan from Barclays as we intend to carry out renovations to our home in Temple. Are we obliged to appoint a bricks and mortar Temple solicitor on the Barclays conveyancing panel to handle the legals?
Barclays don't usually appoint a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Barclays conveyancing panel.
Should our solicitor be raising questions concerning flooding during the conveyancing in Temple.
Flooding is a growing risk for solicitors dealing with homes in Temple. Some people will purchase a property in Temple, fully expectant that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to offer advice on flood risk, however there are a number of searches that may be initiated by the buyer or on a buyer’s behalf which can figure out the risks in Temple. The standard property information forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard inquiry of the owner to determine whether the property has suffered from flooding. If flooding has previously occurred and is not notified by the owner, then a purchaser could bring a legal claim for losses stemming from an incorrect answer. The purchaser’s lawyers will also carry out an enviro search. This will disclose whether there is a recorded flood risk. If so, additional inquiries will need to be initiated.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Temple is where the house is located. Can you shed any light on this issue?
Flying freeholds in Temple are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Temple you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Temple may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am downsizing from my home. My former lawyers has retired. I am in need of a recommendation of a conveyancing firm. Im based in Temple if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Temple. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I have been sourcing a conveyancing practitioner in Temple for my house move. Can I review a solicitor's record with the legal regulator?
Members of the public can see presented Solicitor Regulator Association (SRA) determinations arising from investigations started on or after 1 January 2008. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA could recorded telephone calls for training reasons.