Our family solicitor has quoted £995 for no completion no fee conveyancing in Caversham. I’m selling a Edwardian property for £300,000. Is this overpriced? Is it above the norm for conveyancing in Caversham?
The charges are a little high. If you are willing to spend time scrutinising charges you may be able to get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you mightcome to rue choosing an a cheaper lawyer. Remember to be sure the firm can also act for your mortgage company. Do employ our search tool to find a Caversham conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Caversham.
My wife and I have recently bought a house in Caversham. We have since encountered a number of issues with the house which we believe were overlooked in the conveyancing searches. What action can we take? Can you clarify the type of searches that should have been carried out as part of conveyancing in Caversham?
It is not clear from the question as what problems have arisen and if they are unique to conveyancing in Caversham. Conveyancing searches and due diligence initiated as part of the legal transfer of property are carried out to help avoid problems. As part of the process, a property owner completes a document known as a SPIF. answers is incorrect, then you may have a claim against the vendor 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 Caversham.
A friend suggested that if I am buying in Caversham I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Caversham conveyancing searches. It is not a small document of about 40 pages, listing and setting out significant information about Caversham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Caversham Education with plans and statistics, Local Amenities and other useful information regarding Caversham.
I am purchasing my first flat in Caversham with the aid of help to buy. The developers would not reduce the price so I negotiated £7000 of extras instead. The house builders rep suggested that I not to tell my lawyer about the deal as it may adversely affect my mortgage with Britannia. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Caversham is where the house is located. What do you suggest?
Flying freeholds in Caversham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Caversham you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Caversham may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Completion is due on the disposal of our £375,000 garden flat in Caversham next week. The landlords agents has quoted £372 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Caversham?
Caversham conveyancing on leasehold flats ordinarily involves administration charges levied by landlords agents :
Answering pre-contract questions
Where consent is required before sale in Caversham
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Leasehold Conveyancing in Caversham - Examples of Questions you should ask Prior to Purchasing
Many Caversham leasehold properties will be liable to pay a service bill for maintenance of the block levied on behalf of the management company. Should you acquire the property you will have to pay this liability, usually quarterly accross the year. This could differ from two or three hundred pounds to thousands of pounds for blocks with lifts and large communal areas. There will also be a rentcharge for you to pay yearly, this is usually not a exorbitant amount, say around £25-£75 but you should to enquire as sometimes it could be surprisingly expensive. Generally speaking the cost for major works tend not to be included within maintenance charges, although a few managing agents in Caversham require leaseholders to pay into a reserve fund created for the specific purpose of establishing a fund for major repairs or maintenance. Can you tell me if there are any major works in the near future that will likely increase the service costs?