My son is purchasing a house that has just been built in Lisson Grove with a home loan from Aldermore. His lawyer 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 involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Aldermore 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 Aldermore conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Can your site be used to locate a Conveyancing solicitor in Lisson Grove even if I’m not buying or selling a house, for instance if I wish to acquire a shop in Lisson Grove with a loan from Chelsea Building Society?
The service is mainly there to select domestic conveyancing solicitors in Lisson Grove but we have listed at the end of this page a selection of Lisson Grove commercial conveyancing firms. You should speak with the solicitors directly to see if they can also act for Chelsea Building Society
Please explain the implications if my solicitor is removed from the UBS Conveyancing panel ahead of completing my conveyancing in Lisson Grove?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
What is your number one tip for finding a conveyancing solicitor in Lisson Grove
Do not opt for the lowest Lisson Grove conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
Two weeks ago we had a mortgage agreed in principle with RBS. Lisson Grove conveyancing solicitors have been appointed. What is the average time that one could expect to receive a mortgage offer from RBS?
There is no definitive answer here. Have RBS done the survey? Have you informed RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My wife and I are spending time viewing houses in Lisson Grove and I am now considering a potential offer. Is it too early to have a solicitor in place? I will be getting a mortgage with Nottingham.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are taking out a mortgage with Nottingham, ask your prospective lawyers if they are on the Nottingham conveyancing panel otherwise they can't do the mortgage legal work.
I have been on the look out for a flat up to £235,500 and identified one near me in Lisson Grove I like with open areas and transport links in the vicinity, however it only has 52 years on the lease. There is not much else in Lisson Grove in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the shortness of the lease may be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.