Our god-son is purchasing a new build apartment in Thornaby on Tees with a home loan from Bank of Ireland. His lawyer has said that there is a delay in receiving 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 purchase. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland 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 Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are selling our home in Thornaby on Tees and according to the buyers it appears that there is a risk of it being built on contaminated land. A local lawyer would know this is not the case. It does beg the question why the buyers used an online conveyancing practice rather than a conveyancing solicitor in Thornaby on Tees. We have lived in Thornaby on Tees for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I used Arc property Solicitors a few years ago for my conveyancing in Thornaby on Tees. Now, I need the documents however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Thornaby on Tees of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Thornaby on Tees differ for new build properties?
Most buyers of new build residence in Thornaby on Tees approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is constructed. This is because builders in Thornaby on Tees usually buy 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 property lawyers 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 Thornaby on Tees or who has acted in the same development.
I decided to have a survey completed on a property in Thornaby on Tees prior to retaining solicitors. I have been told that there is a flying freehold element to the property. My surveyor has said that some banks may refuse to grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Thornaby on Tees. Conveyancing will be smoother if you use a solicitor in Thornaby on Tees especially if they are accustomed to such properties in Thornaby on Tees.
What is different about your site and alternative online quote calculators for conveyancing in Thornaby on Tees?
At this site secure an accurate quote from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Thornaby on Tees. Unlike many estate agents and brokerage sites we do not charge firms a fee if you choose them for your home move in Thornaby on Tees