Our god-son is about to exchange on a house that has just been built in Wick with a mortgage from HSBC. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the HSBC conveyancing panel as a standard part of the process, and to the surveyor when asked. 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 HSBC conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can your site be used to find a Conveyancing solicitor in Wick even if I’m not purchasing or disposing of a house, for example if I intend to buy a shop in Wick with a mortgage from Britannia?
Our comparison service is primarily there to help choose domestic conveyancing solicitors in Wick but we have recorded towards the bottom of this page some Wick commercial conveyancing firms. You will need to speak with the firm directly to see if they can also act for Britannia
In looking at online forums for an online solicitor in Wick, many advise that I should instruct a CQS kitemarked lawyer. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in home ownership transfers, trusted by some of the UK's major banks. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Legal Ombudsman. The scheme does not cover licenced conveyancers. Wick is one of the numerous areas in England and Wales where there are Accredited lawyers.
We are purchasing a flat in Wick. It might be a silly question but how we can trust a solicitor? On the day of competition we have to send money into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all Wick solicitors on the Coventry BS conveyancing panel are regulated by the SRA?
As solicitors, in order to be on the Coventry BS conveyancing panel they would need to be overseen by the SRA. The majority of mortgage companies do permit licenced conveyancers on their panel and in such a situation the practice would be governed by the CLC.
We are getting the release of further monies on our home loan from Barclays as we want to carry out improvements to our property in Wick. Do we need to appoint a local Wick solicitor on the Barclays conveyancing panel to deal with the legals?
Barclays do not ordinarily instruct firms on their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Barclays list.
I am in need of some leasehold conveyancing in Wick. Before I get started I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Wick - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Wick Leasehold Conveyancing - Examples of Queries before Purchasing
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How much is the service charge and ground rent on the apartment? Make sure you find out if the the lease contains any onerous restrictions in the lease. For instance some leases prohibit pets being permitted in in a block in Wick. If you like the flatin Wick yet your dog can’t move with you then you will be presented with a difficult determination.
How does one remove a departed person's details from the title register for a house in Wick?
If a Wick property is jointly owned and one of the owners dies, the name will not immediately be removed from the Land Registry title. You are not required to remove their name as when it comes to a sale your conveyancer would simply need to evidence why the co proprietor is missing from the contract, ordinarily this is in the form of a grant of probate.
With a view to making the sale conveyancing more straight forward in the future you can arrange to have the deceased party removed from the title register by applying to HMLR with evidence of the death. There is no land registry fee payable.