We are a couple about to exchange contracts for a semi detached house in Hungerford. We encountered a snag. The loan offer with Barclays expires on 23/9/2024 but the sellers are suggesting a completion date of 25/9/2024. Is it possible to prolong the loan expiry date?
The person best placed to deal with your question is your conveyancer who will assess if they better off negotiating with the mortgage broker, seller’s lawyers, estate agents or conceivably all three based on what has happend in your house move as of today.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Hungerford?
There are many registered licenced Conveyancers in Hungerford and Solicitor partnerships in Hungerford who provide Conveyancing services We would stress that both are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. Both can handle other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Forgive me if this question is silly but I am unexperienced as a first time purchaser of a garden flat in Hungerford. Do I receive the keys to the premises on completion from my solicitor? If so, I will instruct a High Street conveyancing solicitor in Hungerford?
On the day of completion you do not need to go to the conveyancers office in Hungerford. Your solicitors will transfer the completion advance to the seller's conveyancers, and once they have received this, you should be called to collect the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
I have instructed a Hungerford conveyancer having made sure that they are on the TSB conveyancing panel. Does my lawyer arrange the survey of the property?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB 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. You may wish to consider appointing your own Hungerford surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I have been told that property searches are the primary reason for delay in Hungerford conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays in the conveyancing process. Searches are unlikely to feature in any delay in conveyancing in Hungerford.
I have justfound out that Arc property Solicitors have closed. They conducted my conveyancing in Hungerford for a purchase of a freehold house 18 months ago. How can I check that my home is in my name in the name of the previous owner?
The easiest way to see 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 purchasing a house mortgage free. I have provided solicitor with 2 separate evidence of photographic identification, bank statement, numerous utility bills. Now he requires a copy from a probate lawyer advising that the money is in place and that it has come from inheritance and not selling fake watches.
In today’s world you will not be able to complete any Hungerford conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering laws.