Our grandson is in the process of securing a house that has just been built in Clophill with a mortgage from UBS. His solicitor has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
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 UBS 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 UBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have todaybecome aware that Wolstenholmes have been shut down. They carried out my conveyancing in Clophill for a purchase of a leasehold apartment 9 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The easiest way to check if the property 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 Clophill conveyancing specialists.
I'm purchasing my first flat in Clophill benefiting from help to buy. The builders would not reduce the price so I negotiated 6k of additionals instead. The sale representative advised me not inform my lawyer about this extras as it would put at risk my mortgage with Clydesdale. 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.
I opted to have a survey done on a house in Clophill ahead of retaining lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some lenders tend refuse to grant a mortgage on this type of home.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. If you call us we can investigate further with 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 Clophill. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to appoint a conveyancing solicitor for some conveyancing in Clophill. I've chance upon a site which seems to have the ideal answer If it is possible to get all this stuff done via web that would be ideal. Should I be wary? 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?