Our son is in the process of securing a house that has just been built in Wimborne Minster with a mortgage from . His solicitor has advised him of 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 engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the conveyancing panel as a standard part of the process, and to the valuer 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 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 solicitor be asking questions about flooding as part of the conveyancing in Wimborne Minster.

Flooding is a growing risk for conveyancers conducting conveyancing in Wimborne Minster. There are those who purchase a property in Wimborne Minster, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.

Conveyancers are not best placed to impart advice on flood risk, however there are a number of checks that can be carried out by the purchaser or by their conveyancers which can give them a better appreciation of the risks in Wimborne Minster. The standard completed inquiry forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) incorporates a usual question of the seller to determine if the premises has ever been flooded. In the event that the property has been flooded in past which is not disclosed by the owner, then a buyer may issue a claim for damages stemming from an incorrect response. The purchaser’s lawyers will also commission an environmental search. This should indicate if there is any known flood risk. If so, further investigations should be conducted.

I have justfound out that Action Conveyancing have closed. They carried out my conveyancing in Wimborne Minster for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is in my name in the name of the previous owner?

The quickest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wimborne Minster conveyancing specialists.

I'm buying my first flat in Wimborne Minster with the aid of help to buy. The builders refused to reduce the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not disclose to my solicitor about this side-deal as it would jeopardize my loan with the lender. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I'm converting the mortgage on my existing house to a BTL loan with and I will use the rest of the raised equity as a down payment on further property. The neighborhood we are talking about is Wimborne Minster. Will your solicitors be able to act for the two banks and link together the two deals?

Do use our comparison tool on this site to be sure that the solicitors are approved by both mortgage companies. Assuming that they are the solicitor should be able to connect the two deals but you should have a chat with you lawyer and communicate your desired outcome and requirements.