Our grandson is about to exchange on a house that has just been built in Strood with a mortgage from Nationwide. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The form 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 Nationwide 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 Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What is the best way to check that the solicitor carrying out my conveyancing in Strood is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Skipton Building Society thus spending £192.00 in further legal charges.
Feel free to take advantage of the find a lender approved solicitor tool on this site. Pick the lender and type ‘Strood’ or your location and you will be presented with numerous solicitors located in Strood or by proximity to you.
What does a local search tell me concerning the property we're buying in Strood?
Strood conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance PSG The local search is essential in every Strood conveyancing purchase; as long as you wish to avoid any unpleasant surprises after you move into your new home. The search should supply data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
How do I use your search tool to select a conveyancing lawyer in Strood on the panel for my bank?
First pick a bank such as National Westminster Bank, Bank of Scotland or Bank of Ireland then specify your location e.g. Strood. Conveyancing organisations in Strood and further afield should be shown.
Is there a difference between surveying and conveyancing in Strood?
Conveyancing - in Strood or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the investigation 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 intending to buy and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the purchase price down or asking the seller to remedy the defects before you move in.