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Recently asked questions about conveyancing in Earley

three months have gone by since my purchase conveyancing in Earley concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Earley differ for newly converted properties?

Most buyers of new build or newly converted property in Earley contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Earley tend to acquire the site, 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 Earley or who has acted in the same development.

Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Earley I like with amenity areas and station in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in Earley suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you need a home loan the shortness of the lease may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.

In what way does the Landlord & Tenant Act 1954 impact my business property in Earley and how can your lawyers assist?

The particular law that you refer to gives security of tenure to business tenants, granting the a statutory right to make a request to court for a continuation of occupancy at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and handle your commercial conveyancing in Earley

Midway through the sale of a leasehold flat in Earley. Conveyancing is fine but we are being charged a fortune by the managing agents. So far we have forked out £250 for a leasehold management information and then a further £134.40 for supplemental questions supplied by the buyers lawyer.

Neither you or your solicitor will have any sway over the extent of the charges for this information however the average costs for the information for Earley leasehold premises is £380. For Earley conveyancing deals it is usual for the seller to cover the charges. The landlord or their agents are under no legal obligation to answer such questions most will be content to do so - albeit often at exorbitant prices disproportionate to the work involved. Regretfully there is no law that mandates capped fees for administrative tasks. There is no prescriptive time limit by which they are obliged to issue answers.

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