My god-son is buying a newly built flat in Crowborough with a mortgage from Principality. 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 document 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 Principality 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 Principality conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would prefer to instruct a high street conveyancing solicitor in Crowborough?
You should check but the chances are that allocate you one of their panel lawyers where you take up the "fee-free" incentive. Contact the bank to explore if they allow a cash alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Crowborough.
I am looking for a flat up to £235,500 and identified one round the corner in Crowborough I like with open areas and railway links nearby, however it's only got 52 remaining years left on the lease. There is not much else in Crowborough for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I have been sourcing a conveyancing lawyer in Crowborough for my house move. Is it possible to review a firm’s record with the profession’s regulator?
Anyone can read published Solicitor Regulator Association (SRA) determinations stemming from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training purposes.
I need to change lawyers as my Crowborough lawyer is not on the bank's approved list of conveyancing solicitors. Is it advisable to appoint a new law firm?
In the event that you have not formally instructed a conveyancer to do anything for you and at this stage simply received an estimate as to costs, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Crowborough that you're thinking of instructing.