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The Disclosure of Incentives Form, as it says on the tin, requires any incentives being provided, to be disclosed to the lender. Introduced in 2008, the real aim of this provision is to ensure that there is transparency throughout the transaction, and that the lender is supplied with all relevant financial information.
This form is designed to ensure full disclosure of the financial aspects of the transaction and key information about the property.
UK Finance Disclosure Form (Version 1). The Disclosure Form must be completed by the seller(s) of any property that is to be occupied or purchased for the first time, or for the first time in its current form, i.e. a new build, renovated or converted property.
The form must be supplied to the valuer acting on behalf of the lender upon request. This form is designed to ensure full disclosure of the financial aspects of the transaction and key information about the property. It is not meant to be used to provide a valuation.
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