Our nephew is in the process of securing a house that has just been built in Wallingford with a home loan from Kent Reliance. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document 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 Kent Reliance 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 Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
The Wallingford conveyancing solicitors that just started acting on my purchase in Wallingford have without warning closed. I chose them because I had to have a firm on the Coventry BS conveyancing panel and my family Wallingford lawyer was not. I cut them a cheque for £250 in advance. What should be my next steps?
If you have an estate agent involved then inform them immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Coventry BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
Me and my partner are purchasing a flat in Wallingford. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to put funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
What is the difference between a licensed conveyancer and conveyancing solicitor in Wallingford
Two types of professional can do conveyancing in Wallingford namely CLC regulated conveyancers or solicitors. The two can provide the legal services that required to complete the sale or purchase of property. They are both obliged to carry out Wallingford conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be professionally administered and that all necessary procedures should be accurately attended to.
At last I have had an offer on a flat in Wallingford agreed to, the owners do nevertheless have a tied purchase. The owners have placed an offer on on an apartment, however it’s not yet tied up, and have viewings of other apartments booked. I have selected a nearby conveyancing solicitor in Wallingford. What do I do now? At what stage should I apply for the mortgage with RBS?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then valuation, Wallingford conveyancing search charges, etc). The first course of action is to check that your lawyer is on the RBS conveyancing panel. Regarding the next steps this very much depends on the specifics of your transaction, attraction to this property and on the state of the market. In a hot market some buyers would apply for the mortgage with RBS and arrange for the valuation and only if it was satisfactory would they pay their lawyer to move forward with the conveyancing in Wallingford.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a property in Wallingford?
Unless a prior acquisition of the property took place post 12 October 2013 you can expect conveyancing practitioners handling conveyancing in Wallingford to continue to suggest a chancel search and or chancel repair liability policy.
In my capacity as executor for the will of my grandmother I am selling a property in Swansea but live in Wallingford. My conveyancer (who is 250 kilometers awayrequires that I sign a statutory declaration before the transaction finalising. Can you recommend a conveyancing practitioner in Wallingford to attest this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are Wallingford based