Our god-son is in the process of securing a new build apartment in Wootton Bassett with a home loan from Principality. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document 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 Principality 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 Principality conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We see that you have a search directory listing solicitors on the RBS conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Wootton Bassett?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Wootton Bassett.
Do the Building Society Association intend to launch a online directory to to identify solicitors on the Loughborough BS conveyancing panel for example in Wootton Bassett?
We have not been informed any intention on the part of the BSA to develop such a tool.
I used Arc property Solicitors several years ago for my conveyancing in Wootton Bassett. I now require my file but the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracking down 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 Wootton Bassett of the conveyancing firm of solicitors you previously hired, 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 Wootton Bassett differ for newly converted properties?
Most buyers of new build or newly converted property in Wootton Bassett approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Wootton Bassett tend to buy the site, 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 used to new build conveyancing in Wootton Bassett or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Wootton Bassett ahead of instructing solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will not give a loan on such a premises.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wootton Bassett. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wootton Bassett to see if the conveyancing will be more expensive.