At what point can the exchange of contracts take place for domestic conveyancing in Reading and do I need to be at the lawyers office?
If you are in close proximity to one of the conveyancing solicitors in Reading you are invited in to sign documents. However, the firms we recommend provide countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you by post or email. The signing of the property agreement is not when everything is set in stone. A signed contract simply enables the solicitor to exchange contracts at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Reading)to be in the office available at the end of the phone to exchange contracts.
I have justbeen informed that Stirling Law have closed. They conducted my conveyancing in Reading for a purchase of a leasehold apartment 12 months ago. How can I be sure that the property is not still registered in the name of the previous owner?
The easiest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Reading conveyancing specialists.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Reading is the location of the property. What do you suggest?
Flying freeholds in Reading are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Reading you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Reading 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 premises.
My husband and I are 3 weeks into a residential purchase having been directed to conveyancers by the estate agent to handle our conveyancing in Reading. I am am extremely dissatisfied with the quality of service. Can you you assist me in finding new solicitors?
They would need to be very poor to suggest replacing them. Has the mortgage offer been issued? In the event that it has you will need to advise them of the new contact details and ensure the loan are re-issued. Your new conveyancer should be on the banks panel to avoid escalating costs and delays. That should be your starting point. The find a solicitor tool can assist you in finding a lender approved solicitor for your conveyancing in Reading
I’m about to sell my 2 bed flat in Reading. Conveyancing has not commenced, but I have just had a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you pay the service charge as you normally would because all ground rent and maintenance invoices should be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I purchased a garden flat in Reading, conveyancing was carried out in 1998. How much will my lease extension cost? Corresponding properties in Reading with an extended lease are worth £191,000. The average or mid-range amount of ground rent is £55 yearly. The lease expires on 21st October 2078
With 54 years unexpired the likely cost is going to range between £32,300 and £37,400 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.
New build sellers have suggested I use a lawyer and I've sought an estimate from them. It's almost £250 less expensive than my preferred Reading conveyancer. Should I use them?
Housebuilders often have lists of lawyers who expedite matters and who know the builder's paperwork and lawyer. Plenty of developers offer an inducement to use their approved property lawyer for this reason, any increased fees can be avoided and a developer will not put forward a conveyancing warehouse and run the risk of having the transaction delayed when they need an exchange in 28 days. A counter-argument for not agreeing to use the suggested conveyancing practitioner is that they may be unwilling to fight for your interests for fear of upsetting the sellers. Where you have concerns that this may be the situation you should stick with your local Reading property lawyer.