Our god-son is about to exchange on a newly built flat in Bidford On Avon with a mortgage from Coventry BS. His solicitor has advised him of 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 document 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 Coventry BS 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 Coventry BS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Due to the input of my in-laws I had a survey completed on a property in Bidford On Avon ahead of retaining solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies may not give a loan on this type of house.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Bidford On Avon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bidford On Avon to see if the conveyancing costs will increase in light of this.
Taking into account that I will soon part with over three hundred thousand on a property in Bidford On Avon I wish to talk to a lawyer regarding theconveyancing before appointing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer who will be doing your property ownership legalities in Bidford On Avon.There is no ‘factory style conveyancing’ - every client is an important person, not a case reference. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in Bidford On Avon should be the figure that you end up paying.
In my capacity as executor for the will of my father I am selling a residence in Neath but reside in Bidford On Avon. My conveyancer (based 250 miles awayhas requested that I execute a stat dec before completion. Could you suggest a conveyancing practitioner in Bidford On Avon who can witness and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are Bidford On Avon based
I have selected a Bidford On Avon conveyancing solicitor for our house purchase (novice purchasers) and have spotted in the engagement letter that they are not overseen by the Financial Conduct Authority. Am I right to be worried or is that standard with conveyancing practitioner?
We can't see why they should be. Most conveyancing practitioner don't lend money. They will be regulated by the SRA, who set specific obligations covering amounts deposited in their bank.