I am under pressure from the executor of a property in Hungerford to complete within four weeks. What can I do to speed up the legal process?
Where the seller is applying pressure to complete it is advisable to make sure that your conveyancer is familiar with the location as they will make use of local connections and know-how. It is even conceivable that they could have transacted otherhomes in the same neighbourhood. Therefore consider using a Hungerford conveyancing firm. In addition, double check that the lawyer is on the on the approved list for your mortgage company. It is believed that just under twenty per cent of Hungerford conveyancing transactions are delayed or derailed after discovering a buyer’s solicitor was not on their banks member panel. This can often result in the conveyancing being held up by almost 21 days. It is understood that this issue affects approximately one hundred thousand home sales annually. Most Hungerford conveyancing practices can not act for certain lenders so do check as early as possible.
It is is a decade since I acquired my home in Hungerford. Conveyancing solicitors have recently been retained on the sale but I am unable to find the deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a chance that the deeds will be retained by your lender or they may be in the possession of the conveyancers who handled the purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining current official copies of the land registers. The vast majority of conveyancing in Hungerford involves registered property but in the rare situation where your property is not registered it adds to the complexity but is not insurmountable.
A colleague suggested that where I am buying in Hungerford I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Hungerford conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about Hungerford around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Hungerford Education with maps and statistics, Local Amenities and other useful data concerning Hungerford.
I am downsizing from my property. My former lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Hungerford if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Hungerford. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
My wife and I purchased a leasehold house in Hungerford. Conveyancing and Barclays mortgage are in place. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1995. The conveyancing practitioner in Hungerford who previously acted has now retired. What should I do?
The first thing you should do is make enquiries of HMLR to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Hungerford conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I purchased a basement flat in Hungerford, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent properties in Hungerford with a long lease are worth £206,000. The ground rent is £45 invoiced every year. The lease ceases on 21st October 2086
With 66 years left to run we estimate the premium for your lease extension to range between £12,400 and £14,200 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first seeking the advice of a professional.