Our grandson is buying a newly built flat in Frome with a home loan from Virgin Money. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form 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 Virgin Money 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 Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
How can we know in advance if a Frome conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Frome getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor handling your transaction.
I have today made my last payment due on my mortgage with Nationwide. I assume I don't need a Frome property lawyer on the Nationwide panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nationwide mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nationwide mortgage from the register. Nationwide, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nationwide has sent the Land Registry the discharge electronically, and
- Nationwide has instructed the Land Registry to do so
Skipton have agreed my home loan in principle, my bid on a house in Frome has been accepted, now what?
The estate agent will need to be informed of your solicitor's details (be sure the property lawyers are on the bank’s approved list). Call up Skipton or the financial adviser and complete any appropriate forms. Skipton will appoint a valuer who will get in contact with the selling agent or vendor to schedule a time for the valuation to occur. Once carried out (assuming no problems) it takes about a week to receive the mortgage offer. Skipton will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Frome.
Are there restrictive covenants that are commonly identified during conveyancing in Frome?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Frome. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What is different about your site and alternative web based conveyancing brokers when it comes to conveyancing in Frome?
At this site get a conveyancing costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Frome. Unlike many estate agents and many comparison sites we do not operate kick-back arrangements with solicitors. Many agents and online brokers 'recommend' the firm paying the most kickback, as opposed to the best value conveyancing in Frome
Are the Frome conveyancing lawyers identified as being on the bank conveyancing panel, together with their details provided by the mortgage company?
Frome firms and firms conducting conveyancing in Frome themselves provide us confirmation that they are on the mortgage company conveyancing panel as opposed to being supplied with a list from the bank directly.