Our grandson is about to exchange on a new build apartment in Canons Park with a mortgage from Clydesdale. His solicitor 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 document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale 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 Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I had a mortgage agreed in principle with HSBC. Canons Park conveyancing practitioners are selected. What is the average time that one could expect to receive a mortgage offer from HSBC?
Some lenders take longer than others. Have HSBC completed the valuation? Have you informed 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 today made my last payment due on my mortgage with Aldermore. I assume I don't need a Canons Park lawyer on the Aldermore panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Aldermore mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Aldermore mortgage from the register. Aldermore, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Aldermore has sent the Land Registry the discharge electronically, and
- Aldermore has instructed the Land Registry to do so
Planning on purchasing a maisonette in Canons Park. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Canons Park conveyancing practitioner is on the Skipton conveyancing panel.
Do I need to pay for insurance to cover chancel repairs when buying a house in Canons Park?
Unless a previous purchase of the property took place post 12 October 2013 you could expect conveyancing practitioners handling conveyancing in Canons Park to continue to advocate a chancel search and or insurance against a claim.
What makes your site different to other web based conveyancing solicitors when it comes to conveyancing in Canons Park?
At this site get a fixed fee quote from a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Canons Park. Unlike many estate agents and many comparison sites we do not charge firms a commission if you select them for your home move in Canons Park
Looking forward to complete next month on a studio apartment in Canons Park. Conveyancing lawyers have said that they report fully tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Canons Park should include some of the following:
It needs to be made clear to you if the lease allows you to alter or improve anything in the flat- you should be made aware as to whether any restrictions applies to all alterations or limited to structural alteration, and whether permission is mandated necessary Repair and maintenance of the property You should be advised what is to be regarded as a Nuisance in the lease Do you need to have carpet in the flat or are you allowed wood flooring?
Canons Park Leasehold Conveyancing - Examples of Questions you should consider Prior to Purchasing
The answer will be useful as a) areas could result in problems in the block as the communal areas may start to deteriorate where services are not paid for b) if the tenants have an issue with the managing agents you will need to have all the details What prohibitions are there in the Canons Park Lease? Is there a share of the freehold?