Our nephew is in the process of securing a house that has just been built in Chorleywood with a mortgage from UBS. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?

The document is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the UBS 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 UBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

We see that you have a post code search directory listing law firms on the TSB conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Chorleywood?

We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Chorleywood.

I require expedited conveyancing in Chorleywood as I am faced with an ultimatum to sign on the dotted line inside 2 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save fees and time?

If.Given you are not getting a mortgage you are at free not to have searches carried out although no solicitor would recommend that you don't. With lots of history conveyancing in Chorleywood the following are instances of what can arise and adversely affect market value: Enforcement Actions, Overdue Charges, Overdue Grants, Railway Schemes,...

I am buying my first flat in Chorleywood with a mortgage from Norwich and Peterborough Building Society. The sellers refused to budge the price so I negotiated 6k of extras instead. The sale representative suggested that I not inform my conveyancer about this deal as it will jeopardize my loan with the lender. Do I keep my lawyer in the dark?.

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.

I decided to have a survey completed on a property in Chorleywood in advance of appointing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor advised that some banks may refuse to give a loan on a flying freehold house.

It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chorleywood. Conveyancing may be slightly more expensive based on your lender's requirements.