My son-in-law is purchasing a newly built flat in West Wittering with a mortgage from TSB. His solicitor 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 form 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 TSB 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 TSB conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in West Wittering so that I can pop in to their offices when needed.
These days conveyancing panel lawyers for banks carry out the vast majority of work through the post, internet or over phone calls. This means that they can undertake the legal work for your home move regardless of where you live in the country. That being said you should see if you have the option of visiting the offices of your conveyancing lawyer if you prefer.
This question may be naive but I am unseasoned as FTB of a ground floor flat in West Wittering. Do I receive the keys to the house on completion from my lawyer? If so, I will use a High Street conveyancing solicitor in West Wittering?
On the day of completion you do not need to go to the conveyancers office in West Wittering. Your solicitors will transfer the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you should be called to collect the keys from the selling Agents and start moving into the property. Usually this happens between 1 and 3pm.
Is it the case that all West Wittering CQS (Conveyancing Quality Scheme) solicitors are on the Skipton conveyancing list of approved solicitors?
It is true that some banks and building societies now make use of CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
I have finally had an offer on an apartment in West Wittering accepted, but there is a chain. The owners have offered on a flat, but it’s not been accepted yet, and are looking at other apartments booked. I have selected a local conveyancing solicitor in West Wittering. What should be my next step? When should I get the mortgage application with Nationwide started?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is in the region of one thousand pounds, then survey, West Wittering conveyancing search fees, etc). First, you should ensure that your conveyancing practitioner is on the Nationwide approved list. Regarding the subsequent phase this very much depends on the specifics of your case, attraction to the property and on the state of the market. During a hot market many purchasers will apply for the mortgage with Nationwide and pay for the valuation and only if it was satisfactory would they ask their solicitor to move forward with searches.
A friend advised me that if I am purchasing in West Wittering I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your West Wittering conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about West Wittering around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, West Wittering Education with maps and statistics, Local Amenities and other useful data about West Wittering.
Should I cancel the direct debit for my mortgage with RBS once a completion date for my home sale in West Wittering has been agreed?
You are best advised to continue meeting any mortgage sums to RBS pending the mortgage being paid off out of the proceeds of sale as part of your West Wittering conveyancing.