Our god-son is in the process of securing a newly built flat in Borth Y Gest with a home loan from . His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?

The form 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 conveyancing panel as a standard part of the process, and to the surveyor 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 conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Can you explain why leasehold purchase conveyancing in Borth Y Gest is more expensive?

The conveyancing fees on a leasehold property in Borth Y Gest is often higher when contrasted to a freehold property. This is because there is an amount of additional time necessary in corresponding with the freeholder and managing agents to collate the information about whether the rent and service charges have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.

I am buying a new build house in Borth Y Gest with a loan from . The sellers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not to tell my lawyer about the deal as it could affect my mortgage with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Are there any apps to assist me to identify a Borth Y Gest law firm on the conveyancing panel? I drive a motor bike and am willing to travel upto 10kilometers to meet the solicitor.

You can use the facility on this website. Please select a mortgage company and your location and you will see a number of Borth Y Gest conveyancing lawyers located nearest you. We have detailed some Borth Y Gest conveyancing firms towards the end of this page and you can telephone them to check if they are on the panel

I need to find a conveyancing solicitor for freehold conveyancing in Borth Y Gest. I have stumble across a web site which looks to be the perfect solution If there is a chance to get all formalities completed via email that would be ideal. Do I need to be concerned? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?