My son is buying a house that has just been built in Ilkeston with a mortgage from RBS. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
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 RBS conveyancing panel as a standard part of the process, and to the valuer 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 RBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My Conveyancer in Ilkeston is not listed on the National Westminster Bank Solicitor Panel. Can I still use my prefered solicitor notwithstanding that they are not on the National Westminster Bank list of approved lawyers?
Your options are as follows:
- Carry on with your preferred Ilkeston lawyers but National Westminster Bank will need to use a solicitor on their list of acceptable firms. This will inevitably rack up the total legal fees and result in delays.
- Get an alternative practitioner to to deal with the purchase, not forgetting to check they are on the National Westminster Bank panel
I require fast conveyancing in Ilkeston as I am under pressure to exchange contracts in less than 2 weeks. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are are a cash buyer you have the choice not to have searches conducted although no conveyancer would suggest that you don't. With plenty of history conveyancing in Ilkeston the following are instances of what can be revealed and therefore affect future saleability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
Over the last few months I have been searching for a flat up to £305k and identified one round the corner in Ilkeston I like with a park and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Ilkeston in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
Is it possible to change firm as I need to choose one who is on the Clydesdale conveyancing panel. I instructed a family conveyancing solicitor in Ilkeston round the corner but the firm is not accepted by Clydesdale
It would be our pleasure to help you select a conveyancing solicitor in Ilkeston on the Clydesdale panel. Please note that the solicitors that we work with do not pay us fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Ilkeston. Using search facility on this page, you can scrutinise fees for conveyancing solicitors in Ilkeston and beyond.