We are buying a brand new duplex in Hungerford and my solicitor is advising me that she has to the lender to reveal incentives from the developer. I am on a tight deadline to exchange and I don't want to delay the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are planning to buy with Darlington Building Society. I popped in 3 or 4 high street companies but cant to find a Hungerford conveyancing firm on the Darlington Building Society panel. Can you assist?
Feel free to make use of the search tool on this web page. Pick the building society and type Hungerford or your preferred area and you will see a number of lawyer offices in Hungerford or by proximity to you.
About to purchase a new build flat in Hungerford. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Hungerford
Please confirm the Lease plans are surveyor prepared. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Due to the advice of my in-laws I had a survey completed on a property in Hungerford in advance of appointing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor advised that some mortgage companies may not grant a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Hungerford. Conveyancing will be smoother if you use a solicitor in Hungerford especially if they regularly deal with such properties in Hungerford.
We are thinking of choosing an online solicitor rather than a Hungerford conveyancing practice. Any advice?
Advantages do exist in having the option pop in to a local Hungerford conveyancing solicitor for example
- signing papers and and when necessary
- having one on one explanations of matters you don't understand
- the ability to raise concerns if matters need to addressed
When checking quotes, look out for hidden extras. The majority decent Hungerford high street solicitors give an all-inclusive figure. Many online companies seem to offer low cost prices, but have hidden 'extras' in the in the terms and conditions.