I am the registered owner of a freehold property in Hungerford but still invoiced for rent, why is this and what is this?
It’s unusual for properties in Hungerford and has limited impact for conveyancing in Hungerford 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 date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
Forgive me if this question is silly but I am new to the house moving as a 1st time purchaser of a ground floor flat in Hungerford. Do I pick up the keys to the property on the completion date from my conveyancer? If so, I will find a local conveyancing solicitor in Hungerford?
On the day of completion you will not be required to go to the conveyancers office in Hungerford. Your solicitors will transfer the completion advance to the vendor’s lawyers, and shortly after the monies have arrived, you will be invited to pick up the keys from the Estate Agents and move into your new home. Usually this happens between 1 and 3pm.
Is there a list of TSB panel conveyancers in Hungerford on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings available over the internet. Where you are in need of a Hungerford solicitor on the TSB please make the most of our tool.
My husband and I have arranged the release of further funds on our home loan from UBS as we want to carry out alterations to our home in Hungerford. Do we need to choose a local Hungerford solicitor on the UBS conveyancing panel to handle the paperwork?
UBS do not ordinarily require firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS list.
How does conveyancing in Hungerford differ for newly converted properties?
Most buyers of new build or newly converted property in Hungerford approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because builders in Hungerford tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Hungerford or who has acted in the same development.
I decided to have a survey done on a house in Hungerford in advance of appointing lawyers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some banks tend not grant a loan on this type of property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hungerford. Conveyancing will be smoother if you use a solicitor in Hungerford especially if they regularly deal with such properties in Hungerford.
My step-father has suggested that I use his conveyancing solicitors in Hungerford. Do I take his recommendation?
No doubt the best way to choose a conveyancing practitioner is to seek feedback from friends or relatives who have actually previously instructed the conveyancer you're are thinking of instructing.
I'm selling a house in Hungerford. I have found my conveyancer's company on the Law Society's list, but I can't find my lawyer's name as listed on the regulator's website. Is this a big problem?
Not every individual in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the transaction, the actual day-to-day activity can be conducted by unlicensed staff.