I am purchasing a new build flat in Reading and my conveyancer is telling me that she is duty bound to the lender to disclose incentives from the builder. I am on a tight deadline to exchange and I have no desire to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender 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 am helping my mother sell her flat in Reading. Does the conveyancer commission an energy assessment or it is for the owner to coordinate?
Following the abolition of Home Information Packs, energy performance certificates was retained a mandatory part of moving house. An EPC must be to hand before the property is marketed. This is not a task that law firms ordinarily organise. If you are instructing a Reading conveyancing lawyer they might help arrange energy assessments given their contacts with reputable Reading assessors
My bid for a property was accepted at auction in Reading. Conveyancing is needed. What is next?
Having exchanged you should find a conveyancing practitioner as a matter of urgency as you now have a tight a fixed date to complete the deal. Every auction property should have a corresponding auction pack. This should include evidence of title and search results. In the case of leasehold property the legal pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork relating to a leasehold property. You need to hand this to your appointed conveyancing solicitor ASAP. Do make sure that your finances are in place to complete the transaction on the set completion date.
Completion of my remortgage has taken place for my property in Reading. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Are there restrictive covenants that are commonly identified during conveyancing in Reading?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Reading. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
The estate agent has sent us the confirmation of our purchase of a new build apartment in Reading. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Reading
The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
How do I use your search facility to locate a conveyancing lawyer in Reading on the panel for my bank?
First select a mortgage company such as Halifax, The Royal Bank of Scotland or Nottingham Building Society then type in your preferred area for example Reading. Conveyancing practices in Reading and nationally will then be listed.