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INSTRUCTIONS FOR CONVEYANCERS PRINCIPALITY BUILDING SOCIETYS REQUIREMENTS IN RESPECT OF SHARED OWNERSHIP SCHEMES/SECTION 106 AGREEMENTS/PROPERTIES PURCHASED AT A DISCOUNT (INCLUDING FIRST HOMES) (ENGLAND AND WALES ONLY) If the property is owned or is being purchased under a Shared Ownership Scheme, and/or there is a Section 106 Agreement in place, you are instructed to follow these instructions in addition to Principality Building Societys (the Society and/or us) instructions to Solicitors

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How to fill out instructions for conveyancers

01

Gather all necessary documents including title deeds, property information, and client identification.

02

Identify the parties involved in the transaction: sellers, buyers, and any other stakeholders.

03

Specify the details of the property being conveyed, including address and legal description.

04

Outline the terms of the sale, including price, deposit, and any conditions.

05

Include important deadlines for deposits, inspections, and completion dates.

06

Ensure compliance with local laws and regulations pertaining to conveyancing.

07

Review the instructions with all parties to ensure understanding and agreement.

Who needs instructions for conveyancers?

01

Mortgage lenders who require assurance for transactions.

02

Real estate agents facilitating property sales.

03

Buyers seeking clear guidance on the conveyancing process.

04

Sellers looking to ensure a smooth transaction.

05

Legal professionals involved in the transfer of property ownership.

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What is instructions for conveyancers?

Instructions for conveyancers are formal guidelines provided by clients to conveyancers detailing the specific requirements and expectations for the property transaction process.

Who is required to file instructions for conveyancers?

Clients, typically buyers or sellers of property, are required to file instructions for conveyancers to ensure that their needs and preferences are clearly communicated.

How to fill out instructions for conveyancers?

To fill out instructions for conveyancers, clients should provide personal details, property information, any special conditions or requirements, and sign the document where necessary.

What is the purpose of instructions for conveyancers?

The purpose of instructions for conveyancers is to provide clear guidance to the conveyancer on how to proceed with the property transaction, minimizing misunderstandings and ensuring the client's interests are protected.

What information must be reported on instructions for conveyancers?

Instructions for conveyancers must report information such as the client's identity, property details, transaction type, specific client instructions, and any relevant deadlines or important dates.

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