My partner and I have lately acquired a house in Hungerford. We have since encountered a number of issues with the property which we consider were overlooked in the conveyancing searches. What action can we take? What searches should? have been ordered as part of conveyancing in Hungerford?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Hungerford. Conveyancing searches and due diligence undertaken as part of the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, a seller completes a questionnaire referred to as a Seller’s Property Information Form. answers turns out to be inaccurate, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Hungerford.
I am buying 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 conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Hungerford
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Hungerford I like with amenity areas and transport links nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Hungerford for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan the remaining unexpired lease term will likely be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
I need to instruct a conveyancing solicitor for residential conveyancing in Hungerford. I happened to discover a site which appears to be the perfect offering If it is possible to get all this stuff done via phone that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
How and when do I incur the Stamp Duty Land Tax chargeable for my conveyancing in Hungerford?
The majority of lawyers tend to fill out a stamp duty return on your behalf during your Hungerford purchase transaction for you to sign. After completion your conveyancing practitioner will submit the STL Return Form to the Inland Revenue and - as long as they have the funds - pay any tax bill payable for you.