My son-in-law is in the process of securing a newly built flat in Lydney with a mortgage from Clydesdale. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 Clydesdale 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 Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Will my conveyancer be asking questions about flooding during the conveyancing in Lydney.
Flooding is a growing risk for lawyers specialising in conveyancing in Lydney. There are those who purchase a property in Lydney, fully aware that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or dispose of the premises. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not best placed to offer advice on flood risk, however there are a number of searches that can be initiated by the purchaser or by their solicitors which can figure out the risks in Lydney. The conventional set of property information forms supplied to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to determine whether the premises has suffered from flooding. In the event that flooding has previously occurred which is not disclosed by the vendor, then a purchaser may commence a claim for damages as a result of such an inaccurate response. The buyer’s lawyers will also carry out an environmental search. This should reveal whether there is a recorded flood risk. If so, further inquiries should be initiated.
Is it possible to transfer to a new firm as I have to select a firm on the Chelsea Building Society conveyancing list. I instructed a family conveyancing solicitor in Lydney five minutes from me but the firm is not approved by Chelsea Building Society
It would be our pleasure to help you find a conveyancing solicitor in Lydney on the Chelsea Building Society panel. Please note that the property lawyers that we list do not pay us commission if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Lydney. In making use of the find a conveyancing solicitor tool on this page, you can contrast fees for conveyancing solicitors in Lydney and beyond.
As co-executor for the will of my aunt I am selling a property in Swansea but I am based in Lydney. My conveyancer (approximately 200 kilometers awayrequires that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing practitioner in Lydney to attest this legal document for me?
Technically speaking you should not be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are based in Lydney
What is the distinction between surveying and conveyancing in Lydney?
Conveyancing - in Lydney or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying and will help you discover the condition of the building and, if there are problems, give you a powerful reason for negotiating the buying price down or asking the seller to remedy the problems prior to you complete your move.