My grandson is about to exchange on a house that has just been built in Knaphill with a mortgage from Yorkshire BS. His conveyancer has advised him of 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 Yorkshire BS 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 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.
I have today made my last payment due on my mortgage with Lloyds. I assume I don't need a Knaphill conveyancing practitioner on the Lloyds panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Lloyds 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 Lloyds mortgage from the register. Lloyds, 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 Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
I recently had an offer agreed on an apartment in Knaphill. My mortgage broker recommended their conveyancers. I paid an on account payment of £200. Soon after, the conveyancing practitioner called me to say that they were not on the Nationwide 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 Nationwide 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.
My offer was accepted on a property in Knaphill on 24/10/2018, valuation was booked 4 days after, received a clean bill of health. Conveyancer appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Lloyds and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Lloyds conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
I require quick conveyancing in Knaphill as I am faced with a deadline to exchange contracts within 3 weeks. A mortgage is not required. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you have the choice not to do searches although no solicitor would suggest that you don't. Drawing on our experience of conveyancing in Knaphill the following are instances of what can crop up and therefore impact future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Unadopted Roads,...
Are there restrictive covenants that are commonly picked up during conveyancing in Knaphill?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Knaphill. 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…’
I have just become aware that one of the partners of the solicitors handling the purchase conveyancing in Knaphill is an aunty of the seller. Is this allowed?
On the basis that there is no conflict of interest this is allowable. Where you are obtaining mortgage finance then the lender may have a say as many mortgage companies have specific requirements concerning this. For example for RBS - Virgin One as of 9/12/2018, the requirements read as follows :