My son is buying a house that has just been built in Poole with a mortgage from HSBC. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties involved in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the HSBC 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 HSBC conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Should my lawyer be raising enquiries concerning flooding as part of the conveyancing in Poole.
Flooding is a growing risk for lawyers dealing with homes in Poole. Plenty of people will purchase a property in Poole, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to offer advice on flood risk, however there are a numerous searches that may be carried out by the purchaser or by their solicitors which will give them a better understanding of the risks in Poole. The standard property information forms given to a buyer’s lawyer (where the Conveyancing Protocol is adopted) incorporates a usual question of the owner to find out whether the property has suffered from flooding. If the premises has been flooded in past and is not notified by the vendor, then a buyer may issue a compensation claim as a result of such an incorrect answer. The buyer’s conveyancers will also conduct an environmental report. This should higlight whether there is a recorded flood risk. If so, further inquiries should be conducted.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one near me in Poole I like with open areas and station in the vicinity, the downside is that it's only got 51 years on the lease. I can't really find anything else in Poole in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a home loan the shortness of the lease will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I am looking for a conveyancing solicitor in Poole for my purchase. Is there any facility to review a firm’s complaints history with the profession’s regulator?
Members of the public may review presented Solicitor Regulator Association (SRA) determinations arising from inquisitions started on or after 1 January 2008. Go to Check a solicitor's record. For details Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, use +44 (0)121 329 6800. The regulator may monitor call for training requirements.
What tools are available to search for a Poole conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to twentykilometers to attend the conveyancer.
Feel free to make use of the find a conveyancing panel tool on this page. Please choose the lender and your location, in this case Poole and you will see a number of lawyer located nearest Poole. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the lender solicitor panel.