Is there a reason why leasehold purchase conveyancing in Caversham costs more?
The conveyancing costs for a leasehold premises in Caversham is frequently higher than on a freehold acquisition or disposal. This is because there is an amount of additional time necessary in communicating with the landlord and management company to collate the evidence concerning whether the rent and maintenance fee have been discharged and whether there are any significant expenditure in the near future on repairs or maintenance of the building.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Caversham. My lender is Tesco Bank
Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 26/3/2025, the requirements read as follows :
Should my solicitor be raising enquiries about flooding during the conveyancing in Caversham.
Flooding is a growing risk for solicitors carrying out conveyancing in Caversham. Some people will acquire a property in Caversham, fully aware that at some time, it may be flooded. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to give advice on flood risk, however there are a number of checks that may be undertaken by the buyer or by their lawyers which will give them a better understanding of the risks in Caversham. The conventional set of information given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a usual inquiry of the seller to find out if the property has suffered from flooding. In the event that flooding has previously occurred and is not revealed by the vendor, then a buyer could commence a compensation claim resulting from an misleading reply. A purchaser’s solicitors should also order an enviro report. This will reveal whether there is a recorded flood risk. If so, further investigations will need to be made.
I'm buying my first flat in Caversham with the aid of help to buy. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The sale representative advised me not inform my lawyer about this deal as it may put at risk my mortgage with Aldermore. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
How easy is it to switch solicitor as I need to retain a firm on the Coventry Building Society conveyancing panel. I instructed a high street conveyancing solicitor in Caversham five minutes from me but she is not accepted by Coventry Building Society
We will our best to assist in finding you a conveyancing solicitor in Caversham on the Coventry Building Society panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are registered with the SRA who oversee all conveyancing solicitors in Caversham. In utilising search facility on this site, you can contrast fees for conveyancing solicitors in Caversham and throughout England and Wales.
My lawyers in Caversham have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the lender. Is it case that being on the lender conveyancing panel they need to have retained the file for a number of years?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the lender Conveyancing Panel Terms. It might be worth you contacting the lender directly.