We were just about to sign contracts for a leasehold flat in Caversham. We encountered a problem. Our loan offer with Leeds Building Society expires on 7/4/2026 but the owners are putting forward a completion date of 9/4/2026. Can one extend the loan offer?
The best person to deal with your issue is your conveyancer who is in a position to determine if he or she is should be discussing with the bank, owner’s lawyers, selling agents or indeed all three taking into account the history of your house move as of today.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Caversham. The house had a small mortgage left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this allowed?
Given you intend to refinance then Aldermore will insist on your using a conveyancer on the Aldermore conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Aldermore conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Aldermore mortgage is registered as a charge at the Land Registry.
I own a renovated Victorian house in Caversham. Conveyancing solicitor acted for me and Alliance & Leicester . I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Caversham and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with your conveyancing solicitor who carried out the work.
Just had an offer accepted on a new build flat in Caversham. Conveyancing is necessary evil 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.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Caversham
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are surveyor prepared.
I was recommended by a few property agents in Caversham to select a conveyancer on your site. What’s the financial upside for Estate Agents to promote your site over and above alternative conveyancing organisations?
We refuse to give any financial incentive for pointing buyers and sellers our way. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
In scouring the web for the words conveyancing in Caversham it brings up numerous conveyancersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for my move?
The ideal way of choosing a suitable conveyancer is through a personal recommendation, so seek the guidance of friends and family who have acquired a property in Caversham or the local estate agent or financial adviser. Fees for conveyancing in Caversham differ, so it's sensible to obtain at least four costs illustrations from different law firms. Dont forget to clarify what costs in the quote includes.