Our son is purchasing a house that has just been built in Wallingford with a mortgage from Virgin Money. His conveyancer 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 involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Virgin Money 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 Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Is it the case that all Wallingford solicitor firms on the Clydesdale conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Clydesdale approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Many lenders do permit licenced conveyancers on their panel in which case such firms would be regulated by the CLC.
I am purchasing a property in Wallingford. A rare aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is Kent Reliance your lawyer must comply with the conveyancing instructions set out in Part 2 of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Kent Reliance where a lease does not satisfy these conditions. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Wallingford.
I had an offer accepted on an apartment in Wallingford on 8/10/2025, valuation was booked five days after, all came back fine. Property lawyer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Co-operative and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Co-operative conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am purchasing a new build house in Wallingford with a loan from Godiva Mortgages Ltd. The sellers refused to budge the price so I negotiated 6k of extras instead. The house builders rep advised me not inform my lawyer about this side-deal as it may jeopardize my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Wallingford I like with amenity areas and transport links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Wallingford for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the shortness of the lease will be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
I'm refinancing my existing home to a BTL mortgage with Leeds Building Society and I will use the rest of the raised equity towards further house. The neighborhood we are looking at is Wallingford. Will your conveyancers be able to act for both sets of mortgage companies and link together the conveyances?
Make use of our search tool on this site to check that the conveyancers are approved by both lenders. Assuming that they are your lawyer should be able to connect the two conveyancing matters but you should talk with you solicitor and specify your expectations and needs.
My husband and I are a fortnight into a freehold purchase having been directed to a firm by the local agent to do our conveyancing in Wallingford. I am am very frustrated with the level of service. Can you help me find new conveyancers?
They would have to be very poor in order to consider replacing them. Has your mortgage offer been issued? In the event that it has you must inform them of the new contact details and ensure the loan are issued to the new lawyers. The conveyancer needs to be on the banks panel to avoid supplemental fees and delays. That should be your first question of the new conveyancers. The find a solicitor tool can assist you in finding a lender approved lawyer for your conveyancing in Wallingford