My partner and I are buying a newly built flat in Caversham Heights and my solicitor is telling me that she is duty bound to the lender to disclose incentives from the builder. I am under pressure to exchange and I don't want to prolong the conveyancing. is my lawyer playing by the book?

You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.

How does conveyancing in Caversham Heights differ for new build properties?

Most buyers of new build or newly converted property in Caversham Heights contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is ready to move into. This is because new home sellers in Caversham Heights tend to acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Caversham Heights or who has acted in the same development.

I decided to have a survey completed on a house in Caversham Heights before instructing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some lenders may refuse to grant a mortgage on a flying freehold property.

It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Caversham Heights. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Caversham Heights to see if the conveyancing will be more expensive.

What does commercial conveyancing in Caversham Heights cover?

Caversham Heights conveyancing for business premises incorporates a broad array of guidance, supplied by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.

What advice can you give us when it comes to choosing a Caversham Heights conveyancing firm to carry out our lease extension conveyancing?

When appointing a conveyancer for lease extension works (regardless if they are a Caversham Heights conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with two or three firms including non Caversham Heights conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:

How many lease extensions have they carried out in Caversham Heights in the last year? Can they put you in touch with clients in Caversham Heights who can give a testimonial?

Leasehold Conveyancing in Caversham Heights - A selection of Questions you should ask Prior to Purchasing

What is the name of the managing agents? Can you inform me if there are any major works anticipated that could increase the maintenance fees? How many of the leaseholders are in arrears for their maintenance charge payments?