Our grandson is in the process of securing a newly built flat in Tidworth with a mortgage from Santander. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form 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 Santander conveyancing panel as a standard part of the process, and to the valuer 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 Santander conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We just had an offer accepted to buy with Loughborough BS. I dropped in 3 or 4 high street companies but cant to find a Tidworth conveyancing firm on the Loughborough BS panel. Please you help?
You should take advantage of the find a lender approved solicitor tool on this page. Please choose the building society and type Tidworth or your preferred area and you will discover numerous conveyancers offices in Tidworth or nearest you.
What will a local search inform me about the house we're purchasing in Tidworth?
Tidworth conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search company for instance Xpress Legal The local search plays an important part in many a Tidworth conveyancing purchase; as long as you don’t want any nasty once you have moved into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the property (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 subject areas.
How does conveyancing in Tidworth differ for new build properties?
Most buyers of new build property in Tidworth 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 builders in Tidworth typically purchase the site, 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 conveyancers 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 used to new build conveyancing in Tidworth or who has acted in the same development.
Do I need to be wary by third parties that I am dealing with are encouraging me to use a national conveyancing firm rather than a local Tidworth conveyancing company?
As with lots of professional services, often recommendations from relatives can be extremely useful or valuable. But there are numerous players in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies might all put forward solicitors to select. On occasion the conveyancers might be known to one of the organisations as being good in their field, but sometimes there is an underlying commercial relationship behind the recommendation. You have the right to select your own conveyancer. You need to be aware that many mortgage providers have an approved list of conveyancers you must use for the mortgage related work in your home move.