My nephew is in the process of securing a new build apartment in Writtle with a home loan from TSB. His lawyer has advised him of 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 transaction. Therefore, it will be provided to your son’s lawyer who should be on the TSB 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
It is a dozen years since I acquired my home in Writtle. Conveyancing solicitors have recently been retained on the sale but I am unable to find my title deeds. Is this a problem?
You need not be too concerned. Firstly there is a chance that the deeds will be retained by your lender or they may be in the possession of the solicitor who oversaw the purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Almost all conveyancing in Writtle involves registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
I have been told that property searches are a common reason for delay in Writtle conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of holding up conveyancing in Writtle.
Have completed on a a semi-detached house in Writtle , What is the estimated time for the Land Registry to record my ownership? My Writtle conveyancing solicitor has been painfully slow, so I want to be certain the land registry aspects are dealt with.
There is nothing unique about conveyancing in Writtle registration formalities. Rather than based on location, timescales can adjust depending on who lodges the application, whether there are errors and whether the Land registry communicate with any interested parties. As of today approximately 80% of such applications are fully dealt with in less than three weeks but occasionally there can be longer delays. Historically registration takes place once the purchaser has moved in to the property so registration formalities is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your lawyers can communicate with the Registry to express the reasoning for an expedited registration.
I'm remortgaging my existing home to a buy to let mortgage with Barclays Direct and I will use the rest of the raised equity towards further house. The neighborhood we are talking about is Writtle. Will your conveyancers be able to act for the two lenders and link together the transactions?
Do use our comparison tool on this site to be sure that the conveyancers are on the relevant lender panels. Assuming that they are your solicitor will be able to connect the two conveyancing matters but you should have a chat with you lawyer and specify your expectations and needs.
Is there a reason that Writtle conveyancing costs differ for leasehold and freehold properties?
When acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control