Our son-in-law is in the process of securing a house that has just been built in Ouston with a home loan from Clydesdale. His lawyer has said that there is 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 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 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 Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
My wife and I have recently appointed a conveyancing solicitor in Ouston. I need to find out whether they are accepted on the Yorkshire Building Society approved list of lawyers. Could you or the lender confirm if they are on the panel?
The first thing to do is e-mail your conveyancer and ask them whether they can act for the bank. Alternatively you should get in touch with Yorkshire Building Society who may be able to help.
We are planning to move home in July. Will my conveyancing solicitor communicate with the removal company on the completion day. As an aside, can you recommend a removal company in Ouston. Conveyancing solicitor was organised before I stumbled across this site.
On the day of completion you will need to pick up the house keys from your property agent but this should only take place once the vendors lawyers inform the agent that they have the completion monies and the keys can be handed over. You will need to inform the removal men that they can start moving you in. We are not in a position to recommend a specific removal organisation but can assist you in choosing a residential property solicitor in Ouston or a solicitor with expertise in conveyancing in Ouston.
I am purchasing a property in Ouston. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender RBS be concerned?
Given that you are obtaining a mortgage with RBS your lawyer must follow the conveyancing requirements contained in Section two of UK Finance Lenders’ Handbook for RBS. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and conveyancers are required to report to RBS where a lease fails to meet these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not isolated to Ouston.
I am expecting a OIP from HSBC this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do HSBC recommend any Ouston solicitors on the HSBC conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Ouston solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I'm purchasing my first flat in Ouston with a loan from Nationwide Building Society. The builders would not reduce the amount so I negotiated 6k of extras instead. The house builders rep advised me not inform my solicitor about this extras as it would put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am using a search engine for the phrase conveyancing in Ouston it shows results of many property lawyersin the vicinity. With so much choice what is the best way to find the suitable conveyancing solicitor for the sale of my house?
The best method of choosing a suitable conveyancer is via personal testimonial, so enquire of friends and relatives who have bought a property in Ouston or a local estate agent or mortgage broker. Fees for conveyancing in Ouston differ, so it's a good idea to secure a minimum of three costs illustrations from different conveyancers. Make sure that you know what costs in the quote includes.