Find a Caversham Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Caversham? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Caversham home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Caversham conveyancers for over 130 lenders.

Recently asked questions about conveyancing in Caversham

Our family solicitor has given a fee estimate £1200 for leasehold conveyancing in Caversham. I’m looking to sell a purpose built detached home for £250,000. This appears over the top. Is it above what I should be paying for conveyancing in Caversham?

The estimate does seem a tad steep. If you shop around you may be able to decrease the fees slightly by say a hundred pounds. On the other hand, you couldcome to rue opting for an an untested lawyer. Don't forget to check the conveyancer can act for your lender. You can use our search tool to select a Caversham conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Caversham.

We note that you have a search directory identifying law firms on the Nottingham conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Caversham?

We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Caversham.

About to place a bid on a leasehold flat in Caversham. The selling agents tell me that it is usual for flats in Caversham to have less than 75 years unexpired on the lease. I am obtaining a mortgage with Chelsea Building Society. Will the property be mortgageable given that the lease has 72 years to go.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 12/7/2019 the requirements read as follows :

85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.

My wife and I purchased a leasehold house in Caversham. Conveyancing and National Westminster Bank mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Caversham who acted for me is not around. Do I pay?

First contact HMLR to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. There is no need to instruct a Caversham conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Leasehold Conveyancing in Caversham - A selection of Questions you should ask Prior to buying

    What prohibitions are there in the Caversham Lease? If a Caversham lease has fewer than 80 years it will have adverse implications on the marketability of the apartment. It is worth checking with your bank that they are willing to go ahead with the loan given the lease term. Leases with less than 80 years remaining means that you will most likely require a lease extension sooner rather than later and you need to have some idea of what this will be. Remember, in most cases you will need to own the residence for two years before you are legally able to extend the lease.

How and when do I pay stamp duty chargeable for my Caversham house purchase?

The conveyancing practitioner will fill out a stamp duty return for you during your Caversham conveyancing transaction for you to sign. On completion your lawyer will submit your STL Return Form to the Inland Revenue and - assuming they have the money - pay any land tax liability for you.

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