My previous lawyer has quoted just over a thousand pound for fixed fee conveyancing in Caversham. I’m hoping to downsize from a purpose built house for £250,000. Are these conveyancing fees excessive? Is it above the norm for conveyancing in Caversham?
The charges are a bit high. Where you are willing to spend time scrutinising costs you could get the conveyancing a bit cheaper by say £125. On the other hand, you maycome to regret choosing an an unknown conveyancer. If is important to enquire that the firm can also act for your lender. You can utilise our search tool to locate a Caversham conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Caversham.
I am thinking of remortgaging my home in Caversham, does my lawyer have to be on the Nationwide Solicitor panel?
In theory, you could use a solicitor that is not on the Nationwide conveyancing panel, but Nationwide would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I just bought a flat at auction in Caversham. Conveyancing is necessary. What are my next steps?
Now that you are to in every practical sense signed on the dotted line you now have to choose a conveyancing lawyer quickly as you are faced with a pending deadline in which to complete the deal. All auction property should have a bespoke auction set of papers. This will include most,if not all of the paperwork that your lawyer requires. Where you are dealing with leasehold property the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation relating to a leasehold property. You need to hand this to the lawyer instructed by you ASAP. Do make sure that your finances are organised to complete on the date specified in the contract.
I am buying a end of terrace house in Caversham. We would like to an extension at the rear at the house.Will legal due diligence on the property include investigations to ascertain if these alterations are prohibited?
Your property lawyer should review the deeds as conveyancing in Caversham can occasionally identify restrictions in the title documents which prohibit certain alterations or need the consent of another owner. Many works require local authority planning consent and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be sensible to check these issues with a surveyor prior to committing yourself to a purchase.
Are all Caversham Conveyancing Quality Solicitors on the Principality conveyancing list of approved practices?
A selection of banks and building societies now utilise CQS as the kick off point for Panel approval such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of conveyancing solicitors.
How does conveyancing in Caversham differ for new build properties?
Most buyers of new build or newly converted property in Caversham come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is finished. This is because builders in Caversham typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Caversham or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Caversham is the location of the property. Can you shed any light on this issue?
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 diligently. 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 premises.