My financial adviser has asked me for my Birtley solicitor’s panel reference for the Santander conveyancing panel. How do I discover this. I have called my local Birtley branch but they have not got back to me yet.
The sensible thing to do is ask for this information from your Birtley conveyancing practitioner . Most Birtley conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
Our son-in-law is in the process of securing a newly built flat in Birtley with a home loan from RBS. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document 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 RBS conveyancing panel as a standard part of the process, and to the surveyor 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 RBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
We note that you have a search directory identifying solicitors on the Kent Reliance conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Birtley?
We are a listing service only for law firms wishing to communicate if they are on the Kent Reliance conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Birtley.
How does conveyancing in Birtley differ for new build properties?
Most buyers of new build property in Birtley come to us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Birtley typically acquire the land, 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 accustomed to new build conveyancing in Birtley or who has acted in the same development.
I opted to have a survey completed on a property in Birtley prior to retaining lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some lenders tend refuse to give a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. If you call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Birtley. Conveyancing will be smoother if you use a solicitor in Birtley especially if they are familiar with such properties in Birtley.