My nephew is about to exchange on a house that has just been built in Knebworth with a home loan from Virgin Money. His conveyancer 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 involved 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 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 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.
What is the difference between a licensed conveyancer and conveyancing solicitor in Knebworth
Two types of professional can execute conveyancing in Knebworth namely CLC regulated conveyancers or solicitors. The two can handle conveyancing services that required to complete the sale or acquisition of property. Both are required to handle Knebworth conveyancing to the same quality and guidelines so you can be sure that your conveyancing will be professionally administered and that the requisite steps should be appropriately followed.
Is it the case that all Knebworth solicitor practices on the Co-operative conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Co-operative approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Many mortgage companies do list licenced conveyancers on their panel and in such a situation the firms would be governed by the CLC.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Knebworth bank branch on various occasions and was told they are content with the situation and they would lend. My Knebworth conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend based on their specific requirements. I simply don't know who is right.
Your lawyer must follow the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
Due to the encouragement of my in-laws I had a survey completed on a property in Knebworth prior to appointing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies tend refuse to grant a loan on this type of premises.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. If you e-mail us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Knebworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Knebworth to see if the conveyancing will be more expensive.
I am a sole trader wishing to take over a lease of an office on a shopping parade. Can you recommend conveyancers offering no-move-no fees for commercial conveyancing in Knebworth for below £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Knebworth, including the disposal and purchase of businesses as well as simply premises. Whether you are looking to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right lawyer. As for the costs this will depend on the structure and heads of terms of the proposed transaction. Let us have your details or call us so that we may provide you with comprehensive commercial conveyancing calculation.
We're new to the buying process - had an offer accepted, but the estate agent informed us that the seller will only issue a contract if we appoint the agent's chosen conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer who is familiar with conveyancing in Knebworth
It is highly unlikely the vendors are driving this. If they want ‘a quick sale', alienating a serious purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make sure they comprehend that (a)you are genuine buyers (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)but you will continue to instruct your preferred Knebworth conveyancing lawyers - not the ones that will provide their negotiator at the agency a introducer fee or hit his conveyancing targets set by corporate headquarters.