We were just about to exchange contracts for a leasehold flat in Hungerford. We encountered a snag. Our mortgage offer with Birmingham Midshires runs out on 17/8/2026 but the sellers are putting forward a completion date of 19/8/2026. Is it possible to prolong the loan expiry date?
The best person to address this question is your solicitors who should determine whether he or she is corresponding with the lender, vendor’s solicitors, property agents or indeed all three given what has gone on in your transaction as of today.
I own a freehold residence in Hungerford but nevertheless charged 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I had intended to instruct a property lawyer in Hungerford for our home move. Our broker has since notified us that our mortgage lenders The Royal Bank of Scotland won't deal with them. Surely this is unfair competition?
A lender may require an approved conveyancer act for it. You would be expected to meet the charges for this. Do use our database to select a solicitor to conduct conveyancing in Hungerford on the The Royal Bank of Scotland approved list of solicitors.
Are there restrictive covenants that are commonly picked up during conveyancing in Hungerford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Hungerford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the input of my in-laws I had a survey completed on a house in Hungerford ahead of retaining solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies will refuse to give a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different requirements from Halifax. If you call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hungerford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hungerford to see if the conveyancing will be more expensive.
Is it possible to switch conveyancer as I have to instruct a firm on the Leeds Building Society conveyancing panel. I was using a family conveyancing solicitor in Hungerford five minutes from me but she is not accepted by Leeds Building Society
It would be our pleasure to help you select a conveyancing solicitor in Hungerford on the Leeds Building Society panel. Please note that the solicitors that we on the directory do not pay us commission if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Hungerford. Using search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Hungerford.