My nephew is buying a new build apartment in Macclesfield with a home loan from Santander. His conveyancer has said that there is a delay in receiving 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 purchase. Therefore, it will be provided to your son’s lawyer who should be on the Santander conveyancing panel as a standard part of the process, and to the surveyor 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Why do I have to pay up front for my conveyancing in Macclesfield?
If you are buying a property in Macclesfield your solicitor will ask you put them with monies to cover the the cost of the conveyancing searches. Normally this is called for to cover the fees of the Local Authority Search. When the down payment is as part of the sale price then this should be needed shortly in advance of contracts are exchanged. Any further balance that is needed will be payable a few days ahead of the day of completion.
We are planning to move property in February. Should my conveyancing solicitor call the removal company on the day of completion. As an aside, can you suggest a removal company in Macclesfield. Conveyancing lawyer was chosen before I stumbled across this website.
On the afternoon of completion you can collect the house keys from your selling agent however this should only take place after the sellers conveyancers advise the agent that they have the completion monies and the keys can be released. Subsequently you can advise the removal company that you are ready to move in. We are not in a position to suggest a particular removal organisation but can assist you in finding a conveyancing in Macclesfield or a firm that specialises in conveyancing in Macclesfield.
After months of negotiation I have agreed a price on an apartment in Macclesfield. My financial adviser pressured me to appoint their conveyancer. I paid an advanced payment of £175. A few days later, the conveyancer called me sheepishly admitting that they were not on the Clydesdale 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 Clydesdale 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.
UBS have agreed my home loan in principle, my bid on a property in Macclesfield has been accepted, now what?
Your estate agent will need to be advised as to your solicitor's details (make sure the conveyancers are on the lender’s approved list). Telephone UBS or your broker and finish off any relevant paperwork. UBS will appoint a valuer who will get in contact with the estate agent or owners to schedule a slot for the valuation to take place. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. UBS will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Macclesfield.
Due to the input of my in-laws I had a survey completed on a property in Macclesfield in advance of appointing solicitors. I have been advised that there is a flying freehold element to the property. My surveyor advised that some lenders tend not grant a loan on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Macclesfield. Conveyancing will be smoother if you use a solicitor in Macclesfield especially if they are familiar with such properties in Macclesfield.
Should I go with a Macclesfield conveyancing solicitor in close proximity to the house I am hoping to buy? We have a good friend who can execute the legal formalities but his firm is located over three hundred miles drive away.
The primary upside of using a high street Macclesfield conveyancing firm is that you can attend the office to execute paperwork, deliver your ID and pester them if necessary. They will also have local intelligence which is a benefit. That being said it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and they were impressed that must trump using an unfamiliar Macclesfield conveyancing lawyer just because they are round the corner.