Would the conveyancing lawyers via your comparison service conduct conveyancing in Reading by way of an attended exchange?
We do have a number of conveyancing specialists carrying out 24hr exchanges. Please contact us to receive a costs illustration and details as to availability.
We are downsizing from our home in Reading and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A local conveyancer would know this is not the case. It does beg the question why the purchasers used an internet conveyancing firm as opposed to a conveyancing solicitor in Reading. Having lived in Reading for many years we know that this is a non issue. Should we contact our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
The estate agent has sent us the confirmation of our purchase of a new build flat in Reading. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Reading
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Reading I like with amenity areas and transport links in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Reading in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
My father has encouraged me to instruct his conveyancing solicitors in Reading. Should I find my own solicitor?
Much as we are happy to recommend a Reading conveyancing lawyer the best way to find a conveyancing solicitor is to seek referrals from friends or family who have actually previously instructed the conveyancer that you are contemplating using.
I today plan to offer on a house that appears to meet my requirements, at a great price which is making it all the more appealing. I have since been informed that it's a leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Reading. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Reading ?
Most houses in Reading are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in Reading so you should seriously consider shopping around for a Reading conveyancing practitioner and be sure that they are used to advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your conveyancer will advise you fully on all the issues.
Leasehold Conveyancing in Reading - Sample of Queries Prior to buying
The majority of Reading leasehold apartments will incur a service bill for the upkeep of the block levied on behalf of the landlord. If you purchase the apartment you will have to meet this amount, usually quarterly throughout the year. This could differ from two or three hundred pounds to thousands of pounds for large purpose-built blocks. In all probability there will be a rentcharge to be met yearly, this is usually not a significant sum, say around £25-£75 but you should to enquire it because sometimes it could be many hundreds of pounds. Does the lease contain onerous restrictions? Make sure you investigate if the the lease contains any onerous restrictions in the lease. For example it is fairly common in Reading leases that pets are not permitted in certain buildings in Reading. If you like the flatin Reading however your cat can’t make the move with you then you will be faced hard choice.