My son-in-law is about to exchange on a house that has just been built in Hassocks with a mortgage from Lloyds. His conveyancer has advised him of 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 Lloyds 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 Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We hope to to buy with Coventry BS. I went into a few local companies but am unable to find a Hassocks conveyancing firm on the Coventry BS approved list. Can you assist?
Please do take advantage of the search tool on this site. Please choose the mortgage company and type Hassocks or your location and you will discover a number of lawyer offices in Hassocks or by proximity to you.
Just had an offer accepted on a new build apartment in Hassocks. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Hassocks
Please confirm the Lease plans are architect prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I opted to have a survey done on a house in Hassocks ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some banks will refuse to grant a loan on this type of premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hassocks. Conveyancing will be smoother if you use a solicitor in Hassocks especially if they regularly deal with such properties in Hassocks.
Do online conveyancing companies do everything a high street Hassocks solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in Hassocks?
If you use an online conveyancer they should undertake all the work your Hassocks solicitor will cover.