Our god-son is about to exchange on a new build apartment in Swanscombe with a mortgage from HSBC. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
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 HSBC 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 HSBC conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Should my conveyancer be making enquiries concerning flooding as part of the conveyancing in Swanscombe.
Flooding is a growing risk for conveyancers dealing with homes in Swanscombe. There are those who buy a house in Swanscombe, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to give advice on flood risk, but there are a various searches that may be undertaken by the purchaser or on a buyer’s behalf which should figure out the risks in Swanscombe. The conventional set of information supplied to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to determine whether the premises has ever been flooded. In the event that flooding has previously occurred and is not revealed by the seller, then a purchaser may bring a claim for damages as a result of such an inaccurate reply. A buyer’s solicitors may also commission an enviro report. This should disclose if there is a recorded flood risk. If so, further investigations should be made.
Due to the input of my in-laws I had a survey completed on a property in Swanscombe prior to retaining lawyers. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some banks will not grant a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Swanscombe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Swanscombe to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Swanscombe cover?
Non domestic conveyancing in Swanscombe covers a broad range of services, given by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
I note that you have a post code search directory identifying solicitors on the lender conveyancing panel. Do Swanscombe conveyancing companies pay you a commission if I retain them for my own house purchase?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Swanscombe.