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Cheap conveyancing in Reading does not necessarily mean low quality - but the odds are stacked against you

Reading Conveyancing Statistics*

  • 1 Average Land Registry Fee for this year to date was £270
  • 2 The most common indemnity insurance policies for Reading conveyancing is Chancel
  • 3 124 is the median number of years remaining on leases in Reading
  • 4 Average time frame of 20 days for registration of title in Reading
  • 5 Percentage of leasehold conveyancing purchases in Reading is 14% where there is a share in the management company or freehold company

Examples of recent conveyancing in Reading since July 2021*

Disposal

of detached residence property, Hurford Drive, RG19 4WA completing on 20/08/2021 at a price of £577,500. The conveyancing process incorporates some of the following tasks: sending conveyancing papers to buyers representatives, securing official copies of the title, preparing statement detailing charges

Disposal

of terraced residence, Peachey Drive, RG19 4GT completing on 11/08/2021 at a price of £298,000. The conveyancing process incorporates some of the following tasks: obtaining official copies of the title, agreeing completion date with parties, setting up the completion formalities

Disposal

of apartment Station Road RG19 4QH, at purchase price of £200,000. Leasehold conveyancing included: drafting the sale agreement and Transfer, sending conveyancing papers to buyers representatives, setting up the completion formalities

Transfer

of house residence, Druce Way, RG19 3PF completing on 30/07/2021 at a price of £345,000. The conveyancing process included amongst the various tasks: sending the transfer to the vendor for execution in preparation for completion, preparing statement detailing charges, setting up the completion formalities

Recently asked questions about conveyancing in Reading

My son is about to exchange on a new build apartment in Reading with a mortgage from Lloyds. His conveyancer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. Who needs to receive the form?

The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Lloyds conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.

Do I have to attend the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Reading so that I can pop in to their offices if required.

Most conveyancing panel lawyers for mortgage companies conduct all of the communications through the post, internet or over phone calls. This enables them to undertake the conveyancing transaction no matter where you live in the country. However you should see if you can still book an appointment to visit conveyancing lawyer if you prefer.

I have a 4 bedroom Edwardian house in Reading. Conveyancing lawyer acted for me and Clydesdale. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?

You need to read 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 Reading and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing solicitor who conducted the conveyancing.

Just had an offer accepted on a new build flat in Reading. Conveyancing is daunting 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 legal work.

Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Reading

    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. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please confirm the Lease plans are architect prepared. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

What are the frequently found defects that you come across in leases for Reading properties?

There is nothing unique about leasehold conveyancing in Reading. All leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain provisions are wrong. The following missing provisions could result in a defective lease:

    A provision to repair to or maintain parts of the property A provision for the recovery of money spent for the benefit of another party.

You will encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Accord Mortgages Ltd, Norwich and Peterborough Building Society, and Aldermore all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, obliging the buyer to pull out.

I own a ground floor flat in Reading, conveyancing having been completed in 2002. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Reading with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease runs out on 21st October 2096

With only 75 years unexpired the likely cost is going to span between £8,600 and £9,800 plus costs.

The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.

I am buying a property and require a conveyancing solicitor in Reading who is on the bank solicitor panel. Can you recommend a Reading or local Reading solicitor?

Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the lender who do conveyancing in Reading. We dont recommend any particular conveyancing practice.

Last updated

Sample of conveyancing solicitors in Reading regulated by the SRA

It is important to note that the listed firms do not limit their work for conveyancing in Reading but also conveyancing throughout England and Wales.

  • Lesley A Clay Solicitor, Wayside Cottage, The Slade, Bucklebury, Reading, Berkshire, RG7 6TE
  • John L Banky Solicitors, 18a High Street, Theale, Reading, Berkshire, RG7 5AN

Residential Landlord and Tenant Conveyancing solicitors in Reading

The firms listed below are a small selection of solicitors in Reading with expertise in landlord and tenant law and on the regulations governing different types of tenancies. This should include advice on Terms and conditions of tenancy agreements

  • Lesley A Clay Solicitor, Wayside Cottage, The Slade, Bucklebury, Reading, Berkshire, RG7 6TE
  • John L Banky Solicitors, 18a High Street, Theale, Reading, Berkshire, RG7 5AN

Domestic Licensed Conveyancers in Reading regulated by the Council of Licensed Conveyancers

Please be aware that the listed conveyancers do not limit their work for conveyancing in Reading but also conveyancing across England and Wales.
  • Pure Property Law Partners Limited, 33 Ashbury Drive, RG31 5LJ

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.