Our nephew is in the process of securing a new build apartment in Childwall with a home loan from Lloyds. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Lloyds 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 Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
What does my ID and proof of funds have anything to do with my conveyancing in Childwall? Is this really necessary?
In order to comply with Money Laundering Regulations any Childwall conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account showing where you reside.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to validate not simply the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this will lead to your solicitor terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to inform the relevant authorities should they believe that any amounts received by them may contravene the Anti-terror and anti-money-laundering rules.
Is there a search tool that I can utilise to investigate if the solicitor handling my conveyancing in Childwall is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Platform Home Loans Ltd thus spending £192.00 in another set of legal charges.
Feel free to make the most of the find a lender approved solicitor tool on this web page. Pick the mortgage company and type ‘Childwall’ or your preferred area and you will discover a number of lawyer offices in Childwall or nearest you.
Due to the advice of my in-laws I had a survey completed on a house in Childwall prior to instructing lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor has said that some banks will refuse to grant a loan on this type of property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Childwall. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Childwall to see if the conveyancing will be more expensive.
In my capacity as executor for the will of my grandfather I am selling a property in Neath but live in Childwall. My lawyer (who is 235 kilometers from merequires that I sign a statutory declaration ahead of the transaction finalising. Could you suggest a conveyancing solicitor in Childwall to attest and place their company stamp on the document?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Childwall based