The Sonning Common conveyancing firm handling our Sonning Common conveyancing has uncovered an inconsistency when comparing the assumptions in the home valuation survey and what is in the title deeds. My solicitor has advised that he is obliged to ensure that the lender is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach correct?

Your lawyer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

My bid for a property was accepted at auction in Sonning Common. Conveyancing is required. What are my next steps?

Now that you are to all intents and purposes signed on the dotted line you must retain a conveyancing practitioner quickly as you are faced with a pending a drop dead date to complete the transaction. An auction property will have a corresponding legal set of papers. This will likely include evidence of title and search results. In the case of leasehold property the conveyancing papers should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to leasehold premises. You should hand this to your appointed conveyancing solicitor as soon as possible. Do make sure that your finances are organised to complete on the date specified in the contract.

My offer was accepted on a house in Sonning Common on 4/3/2024, valuation was booked 3 days later, all came back fine. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to UBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the UBS conveyancing panel. Can the lender hold off the offer?

A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.

Co-operative have agreed my mortgage in principle, my bid on a property in Sonning Common has been agreed to, now what?

Your estate agent will need to be informed of your lawyer's details (ensure that the conveyancing practitioners are on the bank’s panel). Contact Co-operative or your broker and complete any outstanding forms. Co-operative will instruct a valuer who will get in touch with the estate agent or owners to book a slot for the valuation to take place. Once conducted (assuming no problems) it takes approximately ten days to receive the mortgage offer. Co-operative will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Sonning Common.

Do commercial conveyancing searches reveal planned roadworks that could impact a commercial estate in Sonning Common?

Many commercial conveyancing solicitors in Sonning Common will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Sonning Common. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Sonning Common.

For each commercial conveyancing transaction in Sonning Common it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Sonning Common commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Sonning Common.

I am buying a new build flat in Sonning Common. Conveyancing is a frightening process 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 legal work.

Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Sonning Common

Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.

Expecting to exchange soon on a studio apartment in Sonning Common. Conveyancing solicitors assured me that they are sending me a report tomorrow. What should I be looking out for?

The report on title for your leasehold conveyancing in Sonning Common should include some of the following:

Setting out your legal entitlements in respect of the communal areas in the building.For instance, does the lease permit a right of way over a path or hallways? The total ownership of the premises. This will be the apartment itself but could also include a roof area or storage are if appropriate. Details of the parties to the lease, for example these could be the (you), superior lessor, freeholder Whether your lease caters for for a sinking fund for major works? The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.

Sonning Common Leasehold Conveyancing - Sample of Queries Prior to Purchasing

How is the lease structured? Can you inform me if there are any major works on the horizon that will likely add a premium to the maintenance costs? The best form of lease structure is where the freehold interest is owned by the leaseholders. In this scenario the leaseholders have control and even though a managing agent is often employed if the building is larger than a house conversion, the managing agent retained by the leaseholders.