Our god-son is purchasing a newly built flat in Verwood with a mortgage from Kent Reliance. His conveyancer has said that there is 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 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 helping my sister sell her house in Verwood. Does the conveyancer commission the energy assessment or it is for the owner to coordinate?
After the demise of Home Packs, EPC’s remained a mandatory component of moving house. An energy assessment should be commissioned before the property is put on the market. It is not as aspect of the sale process that conveyancers ordinarily arrange. If you are instructing a Verwood conveyancing lawyer they may be able to arrange energy assessments given their relationships with long established Verwood accredited person
When it comes to mortgage companies such as Clydesdale, do Verwood solicitors incur an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
We are getting a further advance on our home loan from Kent Reliance as we want to conduct renovations to our property in Verwood. Do we need to select a nearby Verwood solicitor on the Kent Reliance conveyancing panel to handle the paperwork?
Kent Reliance don't usually require firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance conveyancing panel.
Various internet forums that I have frequented warn that are the number one cause of obstruction in Verwood conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Verwood.
I have recentlybecome aware that Action Conveyancing have closed. They conducted my conveyancing in Verwood for a purchase of a freehold house 18 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The easiest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Verwood conveyancing specialists.
How does conveyancing in Verwood differ for newly converted properties?
Most buyers of new build residence in Verwood approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Verwood tend to acquire the land, 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 used to new build conveyancing in Verwood or who has acted in the same development.
Would local authority permission be necessary to split a house into a couple of flats in Verwood? This has occurred to a property next door to a friend in Verwood and was unaware of the conversion until it was complete.
Planning Permission yes. Building Regulations yes.