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Find a Caversham Heights Conveyancing Solictior on Your Lender’s Panel

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

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


Recently asked questions about conveyancing in Caversham Heights

The loan offer from HSBC for the refinancing of my single bedroom garden flat is coming imminently. Are you able to suggest a low cost conveyancing law firm in Caversham Heights?

You have come to the wrong site to search for cut-price fees for conveyancing in Caversham Heights. Our goal is to offer affordable conveyancing but we do not advertise as being the cheapest. Resist the temptation to appoint brokers offering the bait of ninety nine pound conveyancing in Caversham Heights. Optimistically, in deciding on cheap conveyancing, you will earn what you pay for and at worst you will end up invoiced for additional fees and still not end up with the service expected.

My wife and I are buying a newly built apartment in Caversham Heights and my lawyer is advising me that she is duty bound to the lender to disclose incentives from the seller. I am under pressure to sign contracts and I don't want to prolong deal. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

I have just over seventy years remaining on my lease and need a lease extension for my apartment in Caversham Heights. Conveyancing solicitors on the Virgin panel can deal with such extensions right?

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. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 10/12/2018 the requirements read as follows :

85 years at the time of the mortgage application. If the term of the lease is less than this then we require the term to be extended on or before completion.

I am looking for a flat up to £245,000 and found one close by in Caversham Heights I like with open areas and railway links in the vicinity, the downside is that it only has 61 years on the lease. There is not much else in Caversham Heights suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you require a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.

I own a leasehold house in Caversham Heights. Conveyancing and Coventry Building Society mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Caversham Heights who previously acted has now retired. Any advice?

The first thing you should do is make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Caversham Heights conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I acquired a split level flat in Caversham Heights, conveyancing formalities finalised May 1997. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Caversham Heights with an extended lease are worth £180,000. The ground rent is £65 per annum. The lease runs out on 21st October 2077

With 59 years left to run we estimate the price of your lease extension to range between £20,900 and £24,200 plus professional fees.

The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.

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