Our nephew is purchasing a newly built flat in Driffield with a home loan from Skipton. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Skipton conveyancing panel as a standard part of the process, and to the valuer 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 Skipton conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can your site be used to recommend a Conveyancing solicitor in Driffield even if I’m not purchasing or disposing of a house, for example if I intend to buy an office in Driffield with a mortgage from Accord Mortgages Ltd?
Our comparison service is predominantly used to find domestic conveyancing solicitors in Driffield but we have listed towards the bottom of this page some Driffield commercial conveyancing firms. You will need to make contact with the solicitors directly to establish if they can also act for Accord Mortgages Ltd
We're in Driffield, First timers buying with a mortgage (lender is Barclays , and our lawyer is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no property lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am the only beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in Driffield. Conveyancing formalities meant that the Land Registry date was in September. I now wish to sell up. I understand that there is a CML 6 month 'rule', which means that my proprietorship will be treated the same way as though I had purchased the property in September. Do I have to wait 6 months to sell?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. Some lenders would take a pragmatic view as this clause is chiefly there to identify the purchase and immediately sell or the quick reselling of properties.
My fiancee and I are in the process of viewing houses in Driffield and I am now considering a potential offer. Should I already have a conveyancing practitioner in place at this stage? I intend to finance via a home loan with Barclays.
It would be prudent to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are taking out a mortgage with Barclays, ask your prospective lawyers if they are on the Barclays conveyancing panel otherwise they can't do the mortgage legal work.
After weeks of negotiation I have agreed a price on an apartment in Driffield. My financial adviser suggested a conveyancer. I paid an on account payment of £225. A few days later, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have been told that property searches are the primary cause of delay in Driffield conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Driffield.