Setfords - Amanda Wright

Setfords - Amanda Wright I am a fully qualified Chartered Legal Executive with 30 years of experience in residential conveyancing.

Based in Hinckley, I offer residential conveyancing services in Hinckley, Burbage, Barwell, Earl Shilton and the wider area. I provide a friendly, inclusive service for all, including LGBTQIA+ customers.

You are legally bound to your house purchase after you have exchanged contracts. After this point, you are very likely t...
31/10/2025

You are legally bound to your house purchase after you have exchanged contracts. After this point, you are very likely to incur some form of penalty if you pull out of the sale. For example, you may lose your deposit. However, the seller is also bound to the sale at this point. So, it is highly unlikely to fall through from either side.

Buying, selling, or remortgaging? Let us handle the legal side—so you can move forward with confidence.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

Property purchasing FAQ's - Part 4You will pay your deposit upon exchange of contracts. This is when the transaction bec...
27/10/2025

Property purchasing FAQ's - Part 4

You will pay your deposit upon exchange of contracts. This is when the transaction becomes legally binding for both parties. Exchange can happen anywhere between the same day and a few weeks before completion, which is when you get the keys and the property is yours. However, this gap can often be longer, especially in the case of new builds where you may exchange before the property is built.

Buying, selling, or remortgaging? Let us handle the legal side—so you can move forward with confidence.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

When buying a property, there are all sorts of searches available. It can be confusing to work out which ones you need. ...
25/10/2025

When buying a property, there are all sorts of searches available. It can be confusing to work out which ones you need. The overall aim of a survey is to look at the house’s condition and flag any potential issues before you move in.

Surveys are carried out by professional surveyors, most of whom are members of the Royal Institute of Chartered Surveyors (RICS). There are several different levels of survey. Which one is right for you will depend on several factors, such as the property’s age. A professional surveyor will advise you on the most suitable type of survey for you.

The cost of surveys varies, depending on the level of survey and size of the property. Getting a survey on a property you are purchasing is not a legal requirement, but it is usually recommended to make sure there are no issues with the property that would put you off from purchasing it. So, you’ll know exactly what you’re buying.

Please note that the mortgage valuation carried out by your mortgage lender is not the same as a survey. This is designed to check that the property is sufficient collateral for the loan. It may bring up issues, but a proper survey will need to be carried out to discover the full extent.

Buying, selling, or remortgaging? Let us handle the legal side—so you can move forward with confidence.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

Property purchasing FAQ's - Part 3Once you have had your offer accepted on a property, the time it takes to complete you...
21/10/2025

Property purchasing FAQ's - Part 3

Once you have had your offer accepted on a property, the time it takes to complete your purchase can vary. Some property purchases can run smoothly and only take a few weeks to complete. On the other hand, some transactions can take several months if issues arise. It is hard to predict how long a particular transaction will take. But, a rough estimate is that most transactions are completed within six weeks to six months.

Buying, selling, or remortgaging? Let us handle the legal side—so you can move forward with confidence.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

The absolute minimum amount of deposit you will need is 5% of the total purchase price. However, 95% mortgages, which ar...
17/10/2025

The absolute minimum amount of deposit you will need is 5% of the total purchase price. However, 95% mortgages, which are where the mortgage lender lends you the other 95% of the purchase price, are less common and not always available.

Most people aim to save at least 10% of the total purchase price. Indeed, most lenders only tend to give 90% mortgages. For example, if a property is sold for £200,000, you will need to save £20,000 for your deposit. However, you can also contribute a higher percentage. This means that you will be borrowing less from your mortgage lender, which can make it easier to secure a mortgage with better rates.

Don’t forget that you will also need to pay other fees when purchasing your property, such as solicitors fees and searches. So, it’s a good idea to ensure you have enough to cover these expenses in addition to your deposit amount.

Buying, selling, or remortgaging? Let us handle the legal side—so you can move forward with confidence.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

Property purchasing FAQ's - Part 2You do not have to sell your home before you make an offer on a new one. However, some...
13/10/2025

Property purchasing FAQ's - Part 2

You do not have to sell your home before you make an offer on a new one. However, some people may prefer to do so. Ultimately, it is up to you, and there are pros and cons to each option. For example, selling before you buy a new home will make you a more attractive buyer, but it may also mean you will need to rent a home while waiting for your new one to be ready.

In reality, most people try to sell their current property simultaneously as looking for a new one.

Buying, selling, or remortgaging? Let us handle the legal side—so you can move forward with confidence.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

There are two main parts to the conveyancing fees you will pay. Firstly, the legal fees are what the conveyancer or soli...
11/10/2025

There are two main parts to the conveyancing fees you will pay. Firstly, the legal fees are what the conveyancer or solicitor charges for their work. Secondly, there are disbursements – charges for services carried out by third parties, for example, searches.

The amount you pay for conveyancing will vary on a wide range of factors. These factors may include:
• Whether the property is leasehold or freehold. Leasehold properties often include more work, so fees may be higher.
• The price of the property.
• Where the property is located. In certain locations, such as near a river, flood plain, or mine, additional searches may be needed at a further cost.
• Other fees may appear throughout the conveyancing process, such as fees to do with gifted deposits or Help To Buy ISAs, or additional Land Registry fees.
• The fees you pay may also depend on the area the solicitors are located in, as some areas tend to be cheaper than others.

Buying, selling, or remortgaging? Let us handle the legal side—so you can move forward with confidence.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

Property purchasing FAQ's - Part 1Beginning to look at properties is often one of the most exciting parts of the buying ...
07/10/2025

Property purchasing FAQ's - Part 1

Beginning to look at properties is often one of the most exciting parts of the buying process. But do you need to have your mortgage in place before you start looking? The answer is that, in theory, you don’t. However, most people choose to have a mortgage in principle in place.

A mortgage in principle is a declaration from a lender that they would be happy to lend you a certain amount of money to purchase a property. Having one in place will ensure that estate agents and sellers take you seriously. The property market is competitive, so it’s essential to ensure you have everything in place to give you the biggest chance of success in securing the property you want.

Buying, selling, or remortgaging? Let us handle the legal side—so you can move forward with confidence.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

When viewing properties, it’s a good idea to come prepared with a list of questions to ask the estate agents. This will ...
03/10/2025

When viewing properties, it’s a good idea to come prepared with a list of questions to ask the estate agents. This will allow you to get a better feel for the property and whether you want to purchase it.

Some of the questions you may want to consider asking include:
• Why are the owners selling?
• What exactly is included in the sale?
• What is the local neighbourhood like? (Make sure to do your own research on this as well).
• How long has the property been on the market?
• When are the sellers moving, and is there a chain?
• What work has been conducted on the property, including extensions?

However, it pays to do your own research on the property and area too. Plenty of information is available online to tell you about the property, neighbourhood, and nearby sold properties and their prices – for example, the Land Registry website and sites such a Rightmove and Zoopla.

Buying, selling, or remortgaging? Let us handle the legal side—so you can move forward with confidence.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

Bank of England Interest Rate Cuts: What Do They Mean For Home Buyers and Owners? - Part 5A decrease in interest rates, ...
29/09/2025

Bank of England Interest Rate Cuts: What Do They Mean For Home Buyers and Owners? - Part 5

A decrease in interest rates, and the resulting decrease in mortgage rates, is a good thing for buyers everywhere by making mortgages more affordable. If you are in the position to buy a home, now is probably a good time. It’s expected that interest rates will continue following the current trend and decrease again in the near future. However, house prices are rising (albeit slowly, with an increase of 1.3% over the last year) so this may balance out any further decrease in interest rates.

In short, now is likely to be a good time to buy. Interest rates are unlikely to rapidly decrease in the near future, nor are house prices likely to sharply rise (although nobody can accurately predict what could happen). Thanks to the interest rate decrease, first time buyers are likely to be in a stronger position now than they were last month. A further decrease in interest rates may put you in a slightly stronger position later in the year, but it is unlikely to make a huge difference if you are in a position to buy now.

However, you must always consider your personal situation and finances before making a decision, and get a mortgage in principle before viewing any homes so you know what your mortgage is likely to cost.

Thinking about remortgaging or buying? Now might be a great time to explore your options!📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

While the Bank Rate influences mortgage rates, it’s not the only factor lenders consider.The Bank of England sets the ba...
27/09/2025

While the Bank Rate influences mortgage rates, it’s not the only factor lenders consider.
The Bank of England sets the base rate, which impacts how much it costs banks to borrow money. Mortgage rates often rise or fall in line with this—but they’re rarely identical.

Lenders also factor in the risk of the loan not being repaid over time. The more risk they see, the higher the interest rate they’ll offer to protect themselves. So even when the Bank Rate is low, your mortgage rate may still be higher to reflect those risks.

It’s all about balance—and your personal circumstances, loan type, and lender all play a role.

Thinking about remortgaging or buying? Now might be a great time to explore your options! We are here to make the process simple, smooth, and stress-free.📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

Bank of England Interest Rate Cuts: What Do They Mean For Home Buyers and Owners? - Part 4Any cut to interest rates mean...
23/09/2025

Bank of England Interest Rate Cuts: What Do They Mean For Home Buyers and Owners? - Part 4

Any cut to interest rates means borrowing becomes cheaper. This makes it more affordable to own a home. So, in theory, this can provide a boost to the housing market. It’s more affordable for first time buyers to get on the property ladder. Monthly payments for those who already have a mortgage can also go down. This may prompt more existing homeowners to upsize, freeing up more housing stock for first time buyers and others. This is good news for both buyers and sellers.

Lower interest rates can also make the UK property market more attractive for investors and developers. For developers, financing projects becomes cheaper, which can lead to an increased supply of new homes to cater to growing demand. Investors may be more likely to invest in property, knowing they are likely to receive a higher return.

It can also have an indirect impact. Interest rate decreases can free up more monthly disposable income for households. This can drive economic activity outside of the housing market, but a stronger economy can have a knock-on effect of boosting this area.
However, nobody can accurately predict what will happen to the housing market – just suggest what may happen.

Thinking about remortgaging or buying? Now might be a great time to explore your options!📞 Call Amanda on 01455 241469 or ✉️ email [email protected] to get started.

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