My god-son is about to exchange on a newly built flat in Hayling Island with a mortgage from Lloyds. His solicitor has said that there is 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 Lloyds 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 Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

A colleague advised me that in purchasing a property in Hayling Island there may be a number of restrictions affecting the ability to carry out external changes to a property. Is this right?

There are a number of properties in Hayling Island which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Hayling Island should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Hayling Island bank branch on a couple of occasions and was reassured it wasn't an issue and they would lend. My Hayling Island conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend based on their published requirements. I simply don't know who is right.

As long as the lawyer is on the bank panel, they must follow the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.

I was told four weeks ago that my mortgage has been agreed to by Nottingham. Is it usual for Nottingham to only issue the offer once my solicitor in Hayling Island is approved on their conveyancing panel? Nottingham have asked my solicitor to see a copy of their PI Insurance.

A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nottingham to deal with your lawyer's application to be on the Nottingham conveyancing panel. There's no guarantee that your solicitor will be accepted.

I require quick conveyancing in Hayling Island as I am under pressure to complete inside 3 weeks. Thankfully I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?

If.Given you are not taking a home loan you have the choice not to have searches conducted although no solicitor would recommend that you don't. Drawing on years of experience of conveyancing in Hayling Island the following are examples of issues that can show up and therefore affect the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Unadopted Roads,...

As co-executor for the estate of my grandmother I am selling a residence in Monmouth but live in Hayling Island. My conveyancer (approximately 200 miles awayhas requested that I execute a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Hayling Island who can attest and place their company stamp on the document?

Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are located in Hayling Island

I am purchasing a house and cash is in place. My lawyer has been supplied with with 2 distinct evidence of photographic ID, bank statement, numerous utility bills. Now he wants a copy from a probate lawyer stating that the funds are legitimate and that it has come from inheritance and not selling fake DVD.

In today’s world you will not be able to complete any Hayling Island conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Evidence of your source of funds is required under Money Laundering Regulations.