Our son is about to exchange on a newly built flat in Royal Tunbridge Wells with a mortgage from Skipton. His conveyancer has advised him of 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 Skipton 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 Skipton conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Why do I have to pay up front for conveyancing in Royal Tunbridge Wells?
Where you are retaining lawyers for conveyancing in Royal Tunbridge Wells your solicitor will request that you place them with funds to cover the search fees. Ordinarily this is called for to cover the fees of the conveyancing searches. When the deposit is as part of the total price then this should be needed shortly prior to contracts are exchanged. The final balance that is due should be transferred a few days prior to the completion date.
What will a local search inform me regarding the house I am buying in Royal Tunbridge Wells?
Royal Tunbridge Wells conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search company for instance Searchflow The local search is essential in every Royal Tunbridge Wells conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will provide information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I was advised by two or three local estate agents in Royal Tunbridge Wells to select a conveyancer on your site. Is there a financial advantage for Estate Agents to offer your lawyers over and above alternative conveyancing organisations?
We refuse to make any referral fee for directing people in our direction. We thought it would be too underhand to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Why am I unable to complete my conveyancing in Royal Tunbridge Wells on Good Friday?
Because on completion the money needs to be transferred electronically between the banks of the buyer and seller's conveyancing practitioner and currently this can only occur on a business day. So you can't complete on a weekend either.