Our grandson is buying a house that has just been built in Clowne with a home loan from Virgin Money. His lawyer has said that there is a delay in completing 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 transaction. Therefore, it will be provided to your son’s lawyer who should be on the Virgin Money 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 Virgin Money 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 post code search directory listing law firms on the Skipton conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Clowne?
We are a listing service only for law firms wishing to communicate if they are on the Skipton conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Clowne.
My wife and I have recently appointed a conveyancing solicitor in Clowne. I need to find out whether they are on the Santander approved list of lawyers. Can you or the lender confirm if they are on the panel?
You should e-mail the solicitor and ask them if they are on the lender panel. Alternatively please get in touch with Santander who may be able to help.
Just bought a semi-detached house in Clowne , What is the estimated time for the Land Registry to register my proprietorship? My Clowne conveyancing solicitor has been painfully slow, so I want to be sure that my purchase is registered.
There is nothing unique about conveyancing in Clowne registration formalities. Rather than based on location, timescales can adjust depending on the party submitting the application, whether there are errors and if the Land registry need to notify any other parties. At present approximately three quarters of such applications are fully addressed within 12 days but occasionally there can be protracted hold-ups. Historically registration is effected once the purchaser has moved in to the property so an expedited registration is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your solicitor could contact the land registry and explain the circumstances.
I have been on the look out for a leasehold apartment up to £245,000 and found one near me in Clowne I like with a park and station nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Clowne for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.