Our grandson is in the process of securing a house that has just been built in Mitcham with a home loan from Nationwide. His lawyer 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 form 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 Nationwide 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 Nationwide conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Having sold my house in Mitcham last April but my buyer keeps SMS messaging me to moan that his lawyer is waiting to hear from myconveyancer. What are the post completion sale legalities following completion?
After completion of your house sale your conveyancer is obliged to send the transfer documentation and all of the paperwork to the purchaser's conveyancer. If applicable, your lawyer should also send confirmation that the mortgage has been paid off to the buyers conveyancers. There are no post completion requirements peculiar conveyancing in Mitcham.
I am looking for a leasehold apartment up to £235,500 and identified one close by in Mitcham I like with a park and station in the vicinity, however it's only got 49 years on the lease. There is not much else in Mitcham in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage that many years may be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
How do I locate a Mitcham law firm on the Bank of Scotland conveyancing panel? I am a keen cyclist and am happy to travel upto 20miles to meet the solicitor.
Feel free to make use of the search on this website. Please pick a mortgage company and your location and you will see a number of Mitcham conveyancing lawyers based on proximity. We have listed some Mitcham conveyancing firms towards the end of this page and you can contact them to check if they are on the Bank of Scotland panel
My husband and I are four weeks into a freehold purchase having been directed to a firm by the selling agent to execute conveyancing in Mitcham. We are not happy. Can you you assist me in finding new lawyers?
They would have to be very poor to suggest replacing them. Has the mortgage been issued? If so you will need to inform them of the new contact details and have the mortgage documents are re-issued. Your conveyancer should be on the banks panel to avoid added charges and complications. So that should be your starting point. The find a solicitor tool can help you find a lender approved solicitor for your conveyancing in Mitcham