Our son-in-law is buying a new build apartment in Woodhall Spa with a home loan from Virgin Money. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?

The document 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 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.

In what way does my ID and proof of funds have anything to do with my conveyancing in Woodhall Spa? Is this really necessary?

In order to comply with Money Laundering Regulations any Woodhall Spa conveyancing firm will require evidence of your identity in all conveyancing transactions. This is normally dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.

Under Money Laundering Regulations, conveyancing solicitors are duty bound to validate not only the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer terminating their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your conveyancers will have an obligation to notify the relevant authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.

Are there restrictive covenants that are commonly identified during conveyancing in Woodhall Spa?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Woodhall Spa. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

What does commercial conveyancing in Woodhall Spa cover?

Woodhall Spa conveyancing for business premises incorporates a broad array of guidance, offered by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.

In my capacity as executor for the estate of my aunt I am selling a house in Swansea but reside in Woodhall Spa. My solicitor (approximately 235 kilometers awayrequires that I sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Woodhall Spa to witness and place their company stamp on the document?

Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are Woodhall Spa based