My god-son is about to exchange on a house that has just been built in Portsmouth with a mortgage from Kent Reliance. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Kent Reliance 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 Kent Reliance conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have an AIP. The bank mentioned the home loan came with free conveyancing. Does this mean I have to appoint their panel lawyer as I would prefer to appoint a local conveyancing solicitor in Portsmouth?
You should check but the the probability is that appoint one of their panel lawyers should you take up the "fee-free" incentive. Contact the bank and determine if they make available a monetary alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case that money can go towards the cost for your conveyancing solicitor near Portsmouth.
My wife and I purchasing a 3 bedroom semi in Portsmouth. We would like to carry out a loft conversion at the property.Will legal investigations on the property include enquiries to determine if these alterations were previously refused?
Your conveyancer should review the registered title as conveyancing in Portsmouth can occasionally reveal restrictions in the title documents which prevent certain works or necessitated the consent of a 3rd party. Many extensions need local authority planning permissions and approval under the building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these things with a surveyor before you commit yourself to a purchase.
We are getting a further advance on our mortgage from Coventry BS as we want to conduct renovations to our home in Portsmouth. Do we need to select a high street Portsmouth solicitor on the Coventry BS conveyancing panel to handle the paperwork?
Coventry BS don't usually appoint a member of their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS list.
I can not work out if my lender requires a lease extension. I have called my Portsmouth bank branch on a couple of occasions and was reassured it wasn't a problem and they would lend. My Portsmouth conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
As long as the solicitor is on the lender approved list, they must adhere to the Council of Mortgage Lenders’ Handbook provisions for the 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.
I have recentlybeen informed that Wolstenholmes have closed. They carried out my conveyancing in Portsmouth for a purchase of a leasehold apartment 12 months ago. How can I establish that my home is not still registered in the name of the previous owner?
The quickest way to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Portsmouth conveyancing specialists.
Taking into account that I will soon spend over three hundred thousand on a property in Portsmouth I would like to talk to a solicitor about myhouse move prior to instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor due to be carrying out your conveyancing in Portsmouth.There is no ‘factory style conveyancing’ - every client is an important individual, not a case number. The practices that we put you in touch with believe that the fees you are provided with for residential conveyancing in Portsmouth should be the amount on the final invoice that you are charged.