I can't travel far from Hungerford. I would like to know the reason why all Hungerford property lawyers aren't included on all mortgage company panels?
Even though it may seem unfair for banks to limit who can act for them, from the public’s or solicitor’s point of view, the the contrary view is that banks are increasingly anxious and regard it necessary to shield themselves against mortgage fraud. As a result of this concern banks are limiting their conveyancing panel to a size that they are happy to control.
Our nephew is purchasing a new build apartment in Hungerford with a home loan from Virgin Money. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Virgin Money conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Virgin Money conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Are the BSA planning on creating a searchable register to list law firms on the Darlington Building Society conveyancing panel for example in Hungerford?
We are not aware of any intention on the part of the BSA to develop such a search facility.
My uncle has suggested that I appoint his conveyancers in Hungerford. Should I use them?
There are no two ways about it it’s preferable to choose a conveyancing lawyer is to get guidance from friends or relatives who have actually used the conveyancer you're considering.
Having had my offer accepted I require leasehold conveyancing in Hungerford. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and most are in Hungerford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a 2 bed flat in Hungerford, conveyancing formalities finalised 8 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Hungerford with a long lease are worth £202,000. The ground rent is £60 charged once a year. The lease finishes on 21st October 2083
With only 57 years remaining on your lease we estimate the price of your lease extension to range between £28,500 and £33,000 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
Is there a difference between surveying and conveyancing in Hungerford?
Conveyancing - in Hungerford or elsewhere - is the process of legally transferring legal title of property from one person to another. It involves the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you discover the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the vendor to fix the defects prior to you complete your move.