Are the BSA intent on creating a online directory to list practices on the Norwich and Peterborough Building Society conveyancing panel for instance in Hungerford?
We are not aware of any plans on the part of the BSA to promote such a tool.
What can a local search inform me concerning the property we're buying in Hungerford?
Hungerford conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search plays an important part in many a Hungerford conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should reveal information 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.
The deeds to my home are lost. The lawyers who handled the conveyancing in Hungerford 10 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to hold title original deeds to establish that you are the registered proprietor of land or property, as the Land Registry have everything they need in a digital format.
How does conveyancing in Hungerford differ for newly converted properties?
Most buyers of new build or newly converted property in Hungerford contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is ready to move into. This is because developers in Hungerford typically 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 property lawyers 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 accustomed to new build conveyancing in Hungerford or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one near me in Hungerford I like with amenity areas and station in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Hungerford suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term may be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
My wife and I purchased a leasehold flat in Hungerford. Conveyancing and Nottingham Building Society mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Hungerford who acted for me is not around. Any advice?
First contact the Land Registry to make sure that the individual claiming to own the freehold is in fact the new freeholder. It is not necessary to incur the fees of a Hungerford conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Hungerford - Examples of Questions you should ask before Purchasing
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How much is the ground rent and service charge? How is the lease structured? The best form of lease structure is a share of the freehold. In this scenario the leaseholders benefit from being in charge if their destiny and notwithstanding that a managing agent is frequently employed where it is larger than a house conversion, the managing agent retained by the leaseholders.