Our grandson is about to exchange on a newly built flat in Norwood Green with a home loan from UBS. His lawyer has said that there is a delay in completing 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 UBS 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 UBS 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 recentlyfound out that Stirling Law have been shut down. They conducted my conveyancing in Norwood Green for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is in my name in the name of the former proprietor?
The easiest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Norwood Green conveyancing specialists.
How does conveyancing in Norwood Green differ for new build properties?
Most buyers of new build residence in Norwood Green come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Norwood Green typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Norwood Green or who has acted in the same development.
I opted to have a survey completed on a house in Norwood Green before instructing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some lenders will refuse to issue a mortgage on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you contact us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Norwood Green. Conveyancing may be slightly more expensive based on your lender's requirements.
Living abroad I am unable to attend my Norwood Green conveyancing practitioners office to sign documents for conveyancing in Norwood Green – will this be problematic?
You need not be concerned. Norwood Green conveyancing lawyers can handle home moves for clients nationally. It is not necessary for you to be able to be present a Norwood Green conveyancers office. Almost all solicitor can deal with everything using post, email, telephone and fax.