I am expecting a offer of a home loan from Nat West. My intention is to use a Licensed Conveyancer in Belmont. Does the Nat West Conveyancing panel include Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Our god-son is about to exchange on a newly built flat in Belmont with a mortgage from Barclays. His lawyer has advised him of a delay in completing 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 purchase. Therefore, it will be provided to your son’s lawyer who should be on the Barclays conveyancing panel as a standard part of the process, and to the surveyor when requested. 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 Barclays 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 Belmont last January but the buyer keeps Skype messaging me complaining that his solicitor is waiting to hear from myconveyancer. What are the post completion sale formalities following completion?
After completion of your house sale your lawyer is obliged to send the transfer deeds and all supplemental paperwork to the purchaser's conveyancer. Where relevant, your conveyancer should also evidence that the home loan has been repaid to the purchasers lawyers. There is unlikely to be post completion steps specific conveyancing in Belmont.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one close by in Belmont I like with a park and station in the vicinity, however it only has 52 years unexpired on the lease. I can't really find anything else in Belmont for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
I need to find a conveyancing solicitor for some conveyancing in Belmont. I have stumble across a web site which appears to be the ideal solution If there is a chance to get all this stuff completed via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?