At what point will exchange of contracts take place for residential conveyancing in Reading and am I required to be at the lawyers branch?

Where you are near to our conveyancing solicitors in Reading you are welcome to come in to sign documents. However, the firms we recommend provide countrywide coverage for conveyancing and give just as detailed and professional a job for you when dealing with you digitally. The executing of the contract is not the important part. Signing on the dotted line is just a prerequisite for the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Reading)to be in the office available at the end of the phone to exchange contracts.

Various web forums that I have come across warn that are the number one reason for stalling in Reading house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Reading.

It has been 4 months following my purchase conveyancing in Reading took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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 property 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.

I am looking for a leasehold apartment up to £305k and identified one near me in Reading I like with amenity areas and station nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Reading in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?

Should you need a mortgage the remaining unexpired lease term may be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.

Due to complete next month on a ground floor flat in Reading. Conveyancing lawyers have said that they will have a report out to me on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Reading should include some of the following:

Whether the lease restricts you from renting out the property, or working from home Will you be prohibited or prevented from having pets in the property? Does the lease prohibit wood flooring? Where does the liability rest for maintaining the window frames Additions to the flat

Leasehold Conveyancing in Reading - Examples of Questions you should consider Prior to buying

Best to be warned whether window replacement or some other significant cost is coming up to be shared by the leaseholders and may well dramatically impact the level of the service fees or require a specific invoice. Its a good idea to discover as much as possible about the company managing the block as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently at the mercy of the managing agents both financially and when it comes to daily matters like the cleanliness of the communal areas. Enquire of other people whether they are happy with their management. On a final note, be sure you know the dates that the service fees are due to the managing agents and precisely what it includes.