My son-in-law is about to exchange on a house that has just been built in Great Stanmore with a home loan from Skipton. His conveyancer has said that there is a delay in receiving 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 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.
Finally the sale completed on my house in Great Stanmore last September but my buyer keeps whats apping every few hours to moan that their solicitor is waiting to hear from mine. What should have happened following completion?
After completion of your house sale your conveyancer should send the transfer documentation and all additional paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also evidence that the mortgage has been redeemed to the purchasers conveyancers. There are no post completion requirements unique to conveyancing in Great Stanmore.
Do the Building Society Association intend to launch a searchable register to list firms on the Earl Shilton BS conveyancing panel for example in Great Stanmore?
We are not aware of any intention on the part of the BSA to develop such a tool.
What does a local search tell me about the property my wife and I buying in Great Stanmore?
Great Stanmore conveyancing often starts with the ordering local authority searches directly from your local Authority or through a personal search organisations for instance Xpress Legal The local search is essential in every Great Stanmore conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the premises (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.
My wife and I own a 4 bedroom Victorian house in Great Stanmore. Conveyancing solicitor acted for me and Skipton Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Great Stanmore and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with your conveyancing lawyer who carried out the work.