Our grandson is buying a new build apartment in Ingleby Barwick with a home loan from Skipton. His solicitor has said that there is a delay in receiving 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 transaction. 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.
Are the Ingleby Barwick conveyancing solicitors identified as being on the Virgin Money conveyancing panel, together with their details provided by Virgin Money?
Ingleby Barwick conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
My Conveyancer in Ingleby Barwick is not on the Alliance & Leicester Solicitor Panel. Can I still use my prefered solicitor even though they are not on the Alliance & Leicester approved list?
Your options are as follows:
- Carry on with your preferred Ingleby Barwick solicitors but Alliance & Leicester will need to instruct a conveyancer on their list of acceptable firms. This will result in additional total legal fees and result in frustration.
- Choose an alternative lawyer to to deal with the purchase, remembering to check they are Alliance & Leicester approved.
- Persuade your Alliance & Leicester based solicitor to attempt to join the Alliance & Leicester panel
I have been on the look out for a flat up to £305k and found one near me in Ingleby Barwick I like with a park and transport links in the vicinity, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Ingleby Barwick in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage the remaining unexpired lease term may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
I am one month into a freehold purchase having been recommend to conveyancers by the estate agent to execute conveyancing in Ingleby Barwick. We are not happy. Could you you assist me in finding new conveyancers?
They would have to be very poor to suggest changing them. Has the mortgage been issued? In the event that it has you must inform them of the replacement lawyer and ensure the offer are re-issued. Your solicitor ideally should be on the lenders panel to avoid supplemental charges and delays. That should be your starting point. The find a solicitor tool will assist you in finding a bank approved solicitor for your conveyancing in Ingleby Barwick