My fiance’s sister is a property lawyer. I hope that I will receive mate’s fee for conveyancing, but if not, what kind of costs should I be paying for conveyancing in Hindhead?
It’s a good idea to obtain two or three conveyancing quotes. Make use of our comparison tool on this page. The fees do be different but service levels do differ between law firms as is the case with the vast majority of professional services.
I own a freehold property in Hindhead yet pay rent, why is this and what is this?
It’s unusual for properties in Hindhead and has limited impact for conveyancing in Hindhead 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 establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Hindhead. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 12/12/2018, the requirements read as follows :
We are getting a further advance on our home loan from Nationwide as we wish to carry out improvements to our house in Hindhead. Are we obliged to choose a local Hindhead solicitor on the Nationwide conveyancing panel to deal with the paperwork?
Nationwide would not normally require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nationwide conveyancing panel.
It is unclear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Hindhead building society branch on various occasions and was told they are content with the situation and they would lend. My Hindhead conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they refuse to lend based on their specific requirements. I have no idea who is right.
Your lawyer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I've read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Hindhead solicitor - who is on the Santander conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Hindhead postcode. As you are getting a mortgage with Santander, you could contact them to see if they have a list of approved surveyors in Hindhead.
Is there a reason that Hindhead conveyancing costs are more expensive for leasehold and freehold properties?
Leasehold conveyancing in Hindhead can involve additional work such as checking the lease, communicating with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts amongst other tasks.