My husband and I are only a couple days away from an exchange on a flat in Hilperton and my mum and dad have sent the exchange deposit to my solicitor. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my lender. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I advised the lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?

Your property lawyer is duty bound to check with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.

I am about to put an offer on a leasehold flat in Hilperton. The property agents tell me that it is normal for flats in Hilperton to have less than 75 years unexpired on the lease. I am taking out a mortgage with Bank of Ireland. Is this going to be a problem if the lease has 69 years left.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 7/11/2024 the requirements read as follows :

I have been on the look out for a leasehold apartment up to £195,000 and identified one near me in Hilperton I like with amenity areas and railway links in the vicinity, however it's only got 52 years on the lease. I can't really find anything else in Hilperton in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

If you need a mortgage that many years will be problematic. Reduce the offer 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 twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.

I am using a search engine for the phrase conveyancing in Hilperton it reveals many conveyancersin the area. With so much choice what is the best way to find the suitable solicitor for me?

The ideal method of seeking a suitable conveyancer is through a trusted testimonial, so seek the opinion of friends and family who have purchased a property in Hilperton or a respected estate agent or financial adviser. Fees for conveyancing in Hilperton differ, so it's advisable to secure a minimum of three fee calculations from varying types of law firms. Dont forget to clarify that the fees are fixed.

I am on look out for some leasehold conveyancing in Hilperton. Before diving in I would like to find out the number of years remaining on the lease.

Assuming the lease is recorded at the land registry - and almost all are in Hilperton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Hilperton Leasehold Conveyancing - Sample of Queries before buying

Does the lease include onerous restrictions? Be sure to investigate if there are any onerous prohibitions in the lease. For example it is very common in Hilperton leases that pets are not allowed in in a block in Hilperton. If you love the propertyin Hilperton but your dog is not allowed to move with you then you will be faced difficult compromise. Plenty Hilperton leasehold flats will be liable to pay a service charge for maintenance of the building set by the landlord. Where you buy the property you will have to pay this contribution, usually periodically throughout the year. This could differ from several hundred pounds to thousands of pounds for buildings with lifts and large communal areas. In all likelihood there will be a ground rent for you to pay yearly, ordinarily this is not a exorbitant figure, say approximately £50-£100 but you should to enquire it because sometimes it could be many hundreds of pounds.