My god-son is in the process of securing a newly built flat in Laindon with a home loan from Barclays. His solicitor 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 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 Barclays 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 Barclays conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What is the first thing I need to know concerning purchase conveyancing in Laindon?
Not many law firms or advisers will tell you this but conveyancing in Laindon and elsewhere in Essex is an adversarial process. Put another way, when it comes to conveyancing there is plenty of opportunity for confrontation between you and other parties involved in the home moving process. E.g., the seller, selling agent and even potentially a bank. Selecting a solicitor for your conveyancing in Laindon should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the process whose interest is to look after your legal interests and to keep you safe.
Sometimes a potential adversary may attempt to convince you that it is in your interests to do things their way. For instance, the property agent may claim to be assisting by claiming that your conveyancer is wrong. Or your mortgage broker may advise you to do take action that is contrary to your lawyers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Laindon is the location of the property. Can you offer any opinion?
Flying freeholds in Laindon are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Laindon you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Laindon may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How do I identify a Laindon solicitor on the Lloyds TSB Bank conveyancing panel? I have a car and am happy to travel upto 25kilometers to meet the solicitor.
Feel free to make use of the facility on this website. Please pick a mortgage company and your location and you will see a number of Laindon conveyancing lawyers based on proximity. We have listed some Laindon conveyancing firms towards the end of this page and you can call them to check whether they are on the Lloyds TSB Bank member panel
We're new to the buying process - had an offer accepted, yet the agent informed us that the seller will only go ahead if we instruct the agent's recommended conveyancers as they are insisting on a ‘quick sale’. We would rather use a local conveyancer who is familiar with conveyancing in Laindon
We suspect that the owner is not behind this requirement. Should the owner require ‘a quick sale', taking such a hostile approach to a serious purchaser is counter productive. Avoid the agents and go straight to the sellers and make sure they comprehend that (a)you are genuine purchasers (b)you are ready to go, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you will continue to appoint your own,trusted Laindon conveyancing lawyers - not the ones that will earn the estate agent a kickback or hit his conveyancing figures demanded by head office.