I am due to exchange buying a house in Pangbourne but as a consequence of wreckage from the recent storms I have managed to agree reparation from the seller of £3k taking the form of a adjustment in the price. This was going to be addressed as part of amending the contract but HSBC will not agree to this. Why were they informed?
The conveyancing practitioner being on the HSBC approved list is required to advise HSBC of any variations to the sale price. If you were to refuse your property lawyer to notify the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new conveyancer for your conveyancing in Pangbourne.
Due to the guidance of my in-laws I had a survey completed on a property in Pangbourne in advance of retaining solicitors. I have been informed that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend not grant a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Pangbourne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Pangbourne to see if the conveyancing will be more expensive.
I'm remortgaging my primary house to a buy to let mortgage with Skipton Building Society and intend to use the remaining equity as a down payment on a second house. The location we are looking at is Pangbourne. Will your lawyers be able to act for both sets of lenders and link together the transactions?
Do use our search tool on this page to check that the lawyers are on the relevant lender panels. Assuming that they are your conveyancer will be able to simultaneously deal with the two transactions but you should talk with you conveyancer and specify your desired outcome and requirements.
My wife and I purchased a leasehold flat in Pangbourne. Conveyancing and Lloyds TSB Bank mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Pangbourne who previously acted has now retired. Any advice?
The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is in fact the new freeholder. You do not need to instruct a Pangbourne conveyancing firm to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Pangbourne Leasehold Conveyancing - Sample of Queries before Purchasing
The prefered form of lease arrangement is a share of the freehold. In this scenario the lessees have being in charge if their destiny and notwithstanding that a managing agent is often employed if it is larger than a house conversion, the managing agent acts for the leaseholders themselves. Best to be warned whether fixing the lift or some other major work is due shortly that will be shared between the leaseholders and will dramatically increase the the service fees or result in a one off payment.
Why can't I complete our conveyancing in Pangbourne on May bank holiday?
Because on completion the sale price will be transferred electronically between the banks of the purchaser and seller's conveyancer and at present this can only take place on a business day. So you can't complete on a saturday or sunday either.