Would the conveyancing lawyers that you recommend perform conveyancing in Hungerford by way of an attended exchange?
There are a few conveyancing specialists carrying out personalised exchanges. Please call us to obtain a fee calculation and details as to availability.
Do the Building Society Association intend to launch a searchable register to to identify solicitors on the Melton Mowbray Building Society conveyancing panel for instance in Hungerford?
We would not expect to be advised of any intention on the part of the BSA to develop such a search facility.
I am purchasing a property in Hungerford. An unusual aspect is that the roof has a solar panel. UBS have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with UBS your lawyer must check the formal requirements outlined in Section two of UK Finance Lenders’ Handbook for UBS. The Council of Mortgage Lenders’ Handbook contains minimum specifications for solar panel roof-space leases, and lawyers are required to report to UBS where a lease does not comply with these specifications. The specifications relate to the installation of panels on properties in England and Wales and is not isolated to Hungerford.
About to purchase flat in Hungerford. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Hungerford conveyancing practitioner is on the TSB conveyancing panel.
Yorkshire BS have agreed my home loan in principle, my bid on a flat in Hungerford has been accepted, what are the next steps?
The property agent will need to be advised as to your conveyancing practitioner's details (be sure the lawyers are on the lender’s panel). Contact Yorkshire BS or your financial adviser and finalise any outstanding paperwork. Yorkshire BS will appoint a valuer who will get in contact with the selling agent or vendor to arrange an appointment. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Yorkshire BS will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Hungerford.
I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Hungerford I like with open areas and transport links nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Hungerford in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
Am I better off to go with a Hungerford conveyancing solicitor in close proximity to the house I am hoping to buy? We have a good friend who can deal with the conveyancing but his firm is located a couple of hundredmiles away.
The primary upside of using a high street Hungerford conveyancing firm is that you can pop in to execute documents, hand in your identification documents and apply pressure on them if necessary. Having local Hungerford know how is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and they were content that must outweigh using an unknown Hungerford conveyancing solicitor just because they are Hungerford based.
Why is New Build conveyancing in Hungerford more costly?
Acquiring a brand new premises is significantly distinct from the standard house buying conveyancing in Hungerford. Firstly sellers usually insist contracts to exchange within a tight deadline, the result being a lot of pressure on your solicitor to make sure all is in order. In addition new build properties frequently involve the checking of adoption of highways, drains, planning considerations, building warranties or architects certificates. Bank obligations are also more detailed. Given the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.