Our son-in-law is buying a new build apartment in Bozeat with a home loan from TSB. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 TSB 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 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 is a decade since I purchased my property in Bozeat. Conveyancing solicitors have now been retained on the sale but I am unable to locate the title deeds. Is this a major issue?
You need not be too concerned. First there is a possibility that the deeds will be retained by the mortgage company or they could be in the possession of the lawyers who handled the purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Bozeat involves registered property but in the unlikely event that your home is unregistered it is more problematic but is resolvable.
We had chosen solicitors locally in Bozeat on the Nationwide solicitor approved list. They have just invoiced me a separate fee for dealing with the Nationwide mortgage. Is this an additional conveyancing fee set by Nationwide?
Provided it is contained in their Terms and Conditions or Quote then yes your property lawyer is entitled to levy a fee for this. This fee is not dictated by Nationwide but by your Bozeat solicitor. Plenty of firms on the Nationwide panel will charge ’dealing with mortgage’ fee but many practices incorporate it on their overall fee.
We have a mortgage agreed in principle with HSBC. Bozeat conveyancing lawyers have been chosen. What is the average time that one could expect to receive a mortgage offer from HSBC?
There is no definitive answer here. Have HSBC conducted the survey? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have finally had an offer on an apartment in Bozeat agreed to, the sellers do nevertheless have a tied purchase. The sellers have put an offer on a flat, however it’s not yet tied up, and are looking at other properties in the pipeline. I have chosen a local conveyancing solicitor in Bozeat. What should be my next step? When should I get the mortgage application with Bank of Ireland started?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then survey, Bozeat conveyancing search charges, etc). The first course of action is to check that your lawyer is on the Bank of Ireland conveyancing panel. As to the next phase this very much dictated by the specifics of your case, desire for the property and on the state of the market. During a rising market many home buyers will apply for a home loan with Bank of Ireland and pay for the valuation and only if it comes back ok would they ask their conveyancing practitioner to move forward with searches.
I'm refinancing my current house to a BTL mortgage with Barclays and intend to use the remaining equity as a down payment on another property. The neighborhood we are looking at is Bozeat. Will your lawyers be able to act for the two lenders and tie in the two deals?
Do use our comparison tool on this site to check that the lawyers are approved by both mortgage companies. Assuming that they are your lawyer should be able to connect the two transactions but you should talk with you lawyer and make apparent your expectations and requirements.
I need to instruct a conveyancing practitioner in Bozeat for my remortgage. Can I review a solicitor's record with the profession’s regulator?
You can read documented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator could monitor call for training purposes.