I require conveyancing for a flat in a fairly new development (6 years old) in Hungerford. 95% of the flats have already been occupied. Is it really necessary to order conveyancing searches as part of conveyancing in Hungerford?
Conveyancing Searches are a vital link in the Hungerford conveyancing process. There are hundreds companies delivering Hungerford conveyancing searches, as well straight from the local authority. These are generally termed personal search organisation due to them carrying out, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must obtain their information from the local authoritative source.
What can a local search inform me about the house my wife and I buying in Hungerford?
Hungerford conveyancing often starts with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Xpress Legal The local search plays a central role in many a Hungerford conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your new home. The search should supply data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I have justbecome aware that Action Conveyancing have closed. They conducted my conveyancing in Hungerford for a purchase of a leasehold apartment 9 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The quickest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Hungerford conveyancing specialists.
I am buying my first flat in Hungerford with a loan from Chelsea Building Society. The sellers refused to move on the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my solicitor about the extras as it may affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Do I need to be concerned about third parties that I am dealing with are encouraging me to use a factory type conveyancing firm rather than a High Street Hungerford conveyancing firm?
As with lots of professional services, often referrals from family and friends can be most helpful. Nevertheless there are lots of people with a vested interest in a conveyancing matter; estate agents, financial adviser and lenders might all recommend conveyancers to instruct. Sometimes the lawyers might be known to one of the organisations as one of the best in their field, but occasionally there behind the scenes commercial relationship behind the endorsement. You are free to choose your preferred lawyer. However, bear in mind that many mortgage providers operate an approved list of law firms you have to use for the lender aspect of your conveyancing.
I own a leasehold house in Hungerford. Conveyancing and Chelsea Building Society mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Hungerford who previously acted has long since retired. What should I do?
First make enquiries of HMLR to be sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to incur the fees of a Hungerford conveyancing solicitor to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a studio flat in Hungerford, conveyancing formalities finalised October 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Hungerford with an extended lease are worth £171,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease comes to an end on 21st October 2104
With just 79 years left to run we estimate the premium for your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before seeking the advice of a professional.