I am obtaining a mortgage offer from Lloyds. I hope to employ the services of a Licensed Conveyancer in Leytonstone. Does the Lloyds Conveyancing panel include Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
My god-son is about to exchange on a house that has just been built in Leytonstone with a mortgage from Barclays. His lawyer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
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 Barclays 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 Barclays conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I opted to have a survey carried out on a property in Leytonstone before appointing conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some lenders will not give a loan on this type of home.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Leytonstone. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Leytonstone to see if the conveyancing will be more expensive.
I have been pointed in your direction by numerous estate agents in Leytonstone to choose a property lawyer on your site. Is there a financial inducement for Estate Agents to market your site rather than a competitor’s?
We don’t give any financial incentive for directing people in our direction. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Leytonstone. I happened to land on a web site which looks to be the perfect solution If it is possible to get all formalities done via phone that would be preferable. Should I be concerned? What should out be looking out for?
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?