Do the conveyancing lawyers identified through your search tool carry out auction conveyancing in Reading?
There are a number of auction practitioners we can connect you with those specialising in auction conveyancing. Reading is one of our areas of where our lawyers have offices.
I own a freehold house in Reading but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Reading and has limited impact for conveyancing in Reading but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
I am thinking of refinancing my house in Reading, does my lawyer need to be on the HSBC Conveyancing panel?
There is nothing to stop you using your solicitor, but HSBC will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I require expedited conveyancing in Reading as I am under a deadline to complete inside one month. Thankfully I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to do searches although no solicitor would advise that you don't. Drawing on years of experience of conveyancing in Reading the following are examples of what can be revealed and adversely affect future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
I bought my flat on 5 June and my personal details are still not on the land registry website. Any reason for this? My conveyancing solicitor in Reading advises it should be registered inside ten days. Are titles in Reading particularly slow to register?
There is nothing unique about conveyancing in Reading registration formalities. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether it is in order and whether the Land registry must send notices to any third parties. At present approximately three quarters of submission are fully dealt with within two weeks but occasionally there can be protracted delays. Historically registration occurs after the purchaser has moved in to the property so an expedited registration is not always primary concern yet where it is urgent that the the registration takes place urgently then you or your lawyers should contact the land registry and explain the circumstances.
I've recently bought a leasehold house in Reading. Do I have any liability for service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I bought a leasehold flat in Reading, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Reading with an extended lease are worth £165,000. The ground rent is £50 yearly. The lease finishes on 21st October 2102
With 77 years remaining on your lease the likely cost is going to range between £7,600 and £8,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before getting professional advice.