Our son-in-law is in the process of securing a newly built flat in Thornton with a mortgage from Bank of Ireland. His conveyancer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Bank of Ireland conveyancing panel as a standard part of the process, and to the valuer 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 Bank of Ireland conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Will commercial conveyancing searches reveal planned roadworks that may impact a commercial estate in Thornton?
Many commercial conveyancing solicitors in Thornton will conduct a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Thornton. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Thornton.
For each commercial conveyancing transaction in Thornton it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Thornton commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Thornton.
Are there restrictive covenants that are commonly picked up during conveyancing in Thornton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Thornton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How simple is it to use the search facility to get a fee calculation from a conveyancing practitioner in Thornton on the authorised to act for my mortgage?
First choose a lender such as Santander, Skipton Building Society or Godiva Mortgages Ltd then type in your preferred area for example Thornton. Conveyancing firms in Thornton and nationally will then be identified.
I have selected a Thornton conveyancing solicitor for our house purchase (first time buyers) and have spotted in the engagement letter that they are not governed by the Financial Conduct Authority. Am I right to be worried or is that the norm with conveyancer?
We can't see why they should be. Most lawyer don't lend money. You should check that they are governed by the SRA, who set strict obligations covering amounts deposited on client account.