We went with a high street firm for our conveyancing in Hook today. Going through the Ts and Cs it is apparent thatI am responsible for fees even if our purchase aborts. Should I go with them or use an internet firm who offer no completion no charge conveyancing in Hook?
Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the conveyancing charges will generally be uplifted to cover those conveyances that do not go ahead. Dont forget that these promotions tend not to cover expenditure e.g. Hook conveyancing search costs.
I purchased a freehold residence in Hook but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Hook and has limited impact for conveyancing in Hook but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
This question may be naive but I am unseasoned as FTB of a garden flat in Hook. Do I collect the keys to the premises on completion from my conveyancer? If this is the case, I will find a High Street conveyancing solicitor in Hook?
On the day of completion you do not need to attend the conveyancers office in Hook. Your solicitors will electronically transfer the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you should be able to pick up the keys from the property Agents and start moving into the property. Usually this happens between 1 and 3pm.
We expect to receive a AIP from HSBC this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do HSBC recommend any Hook solicitors on the HSBC conveyancing panel, or is it better to go independently?
You will need to appoint Hook solicitors independently although you'll need to choose one on the HSBC conveyancing panel. The solicitor represents both you and HSBC through the process.
I have paid off my mortgage with Nottingham. I assume I don't need a Hook solicitor on the Nottingham panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I am looking for a ground for flat up to £305k and found one close by in Hook I like with amenity areas and railway links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Hook for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan that many years will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I'm refinancing my existing home to a BTL mortgage with Virgin Money and intend to use the remaining equity as a down payment on further house. The location we are looking at is Hook. Will your conveyancers be able to act for both sets of banks and tie in the transactions?
Make use of our comparison tool on this page to check that the lawyers are on the relevant lender panels. Having checked that they are your conveyancer should be able to connect the two transactions but you should have a chat with you solicitor and make clear your expectations and requirements.
I am a couple of weeks into a freehold purchase having been referred to solicitors by the high street agent to execute conveyancing in Hook. We are not happy. Could you help me find new lawyers?
They would need to be really bad in order to consider replacing them. Has your loan offer been sent? In the event that it has you must advise them of the new lawyer and ensure the loan are re-issued. Your solicitor ideally should be on the lenders panel to avoid escalating costs and complications. So that should be your starting point. The search tool should help you find a bank approved lawyer for your conveyancing in Hook