My grandson is purchasing a newly built flat in Essex with a mortgage from Yorkshire BS. 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 Yorkshire BS conveyancing panel as a standard part of the process, and to the valuer 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 Yorkshire BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We had appointed solicitors locally in Essex on the Lloyds solicitor panel. They are now charging me a supplemental amount for handling the Lloyds mortgage. Is this a supplemental conveyancing fee specified by Lloyds?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your conveyancer may charge a fee for this. The fee is not dictated by Lloyds but by your Essex solicitor. Numerous firms on the Lloyds panel will quote ’dealing with mortgage’ fee but some firms incorporate it on their overall fee.
Last month we had a mortgage agreed in principle with Leeds Building Society. Essex conveyancing lawyers have been chosen. How long does it take for Leeds Building Society to send the offer to the property lawyer?
There is no definitive answer here. Have Leeds Building Society conducted the valuation? Have you informed Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I recently had an offer accepted on a house in Essex. My mortgage broker recommended their conveyancers. I paid an advanced payment of £150. A couple of days later, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Yorkshire 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 Yorkshire 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.
The deeds to my property can not be found. The lawyers who did the conveyancing in Essex 5 years ago are no longer around. What are my options?
Gone are the days when you need to hold title official documentation to evidence that you own the land or premises, as the Land Registry have everything they need in a digital format.
What makes your site different to other internet conveyancing solicitors when it comes to conveyancing in Essex?
At this site secure an accurate quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Essex. As opposed to estate agents and many comparison sites we are not in the business of charging firms a fee if you choose them for your home move in Essex
Is there an average legal costs for conveyancing in Essex?
The average fee last year for conveyancing in Essex was £1,500 excluding Stamp Duty and HM Land Registry charges.