Our son-in-law is about to exchange on a newly built flat in Bakewell with a mortgage from Yorkshire BS. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
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 Yorkshire BS 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 Yorkshire BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What is your number one tip for finding a conveyancing solicitor in Bakewell
We would encourage you not to go for the cheapest Bakewell conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
When it comes to lenders such as Lloyds, do Bakewell conveyancers have to pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
Principality have agreed my mortgage in principle, my bid on a house in Bakewell has been accepted, what are the next steps?
The estate agent will wish to be informed of your conveyancing practitioner's details (make sure the lawyers are on the lender’s approved list). Contact Principality or the broker and finish off any relevant paperwork. Principality will instruct a valuer who will get in touch with the estate agent or seller to book an appointment. Once carried out (assuming no problems) it takes about a week for the mortgage offer to be issued. Principality will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Bakewell.
I have recentlyfound out that Stirling Law have been shut down. They carried out my conveyancing in Bakewell for a purchase of a leasehold apartment 18 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The quickest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Bakewell conveyancing specialists.
I opted to have a survey done on a house in Bakewell in advance of instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some banks tend refuse to grant a mortgage on such a home.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you contact us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bakewell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bakewell to see if the conveyancing will be more expensive.
My husband and I hope to purchase our first house in Bakewell. Conveyancing solicitor has been selected. The broker advised that a survey is not appropriate as the house was only constructed in 2002.
At the very least you should have a Home Buyer's Report. Given the residence was built over a decade ago the property will not benefit from a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report may be sufficient. They will highlight any obvious problems and suggest additional investigation if appropriate. If there are any signs of problems get a comprehensive Building Survey from the beginning.