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UK Finance updates conveyancing disclosure form


UK Finance has today published a new disclosure form for residential conveyancing.

The new form replaces the disclosure of incentives form and can be completed by a property seller or developer.

It is designed to improve the flow of information to all parties involved in the mortgage process.

The new form should be provided to a lender’s solicitor, conveyancer and valuer on request.

It combines financial information about the sale of newly built, converted and renovated property transactions into a central place.

UK Finance director of mortgages Jackie Bennett says: “The arrival of the disclosure form is good news for consumers looking to buy a new home, creating a more transparent and efficient process for information to be exchanged between relevant parties involved in a residential mortgage transaction.”

The new form can be downloaded from the UK Finance website.



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