When can the exchange of contracts happen for domestic conveyancing in Newbury and do I need to attend the lawyers office?

Where you are local to our conveyancing solicitors in Newbury you are welcome to attend to sign the paperwork. That being said, the firms we work with provide a countrywide conveyancing service and provide just as detailed and professional a job for you when dealing with you electronically. The signing of the contract is not the point of no return. A signed contract is just a prerequisite for the firm to exchange contracts at the appropriate time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Newbury)to be in the office at the appropriate time.

If you had a top tip for choosing a conveyancing solicitor in Newbury what would it be?

We would encourage you not to go for the cheapest Newbury conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.

We are getting a further advance on our home loan from Coventry BS as we intend to conduct renovations to our home in Newbury. Do we need to choose a local Newbury solicitor on the Coventry BS conveyancing panel to deal with the legals?

Coventry BS do not ordinarily instruct firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS list.

Completion of my purchase has taken place for my property in Newbury. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?

Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.

Will commercial conveyancing searches reveal planned roadworks that may affect a commercial land in Newbury?

Its becoming the norm that commercial conveyancing solicitors in Newbury will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in Newbury. The search result sets out 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 Newbury.

For every commercial conveyancing transaction in Newbury 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 can cause delays to Newbury commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for residential conveyancing in Newbury.

How does conveyancing in Newbury differ for new build properties?

Most buyers of new build or newly converted property in Newbury come to us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Newbury usually purchase 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 accustomed to new build conveyancing in Newbury or who has acted in the same development.

Expecting to complete next month on a basement flat in Newbury. Conveyancing solicitors have said that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?

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

You should know whether the lease permits you to alter or upgrade anything in the flat- you must know whether it relates to all alterations or just structural alteration, and whether consent is mandated necessary Setting out your legal entitlements in respect of common areas in the block.For example, does the lease provide for a right of way over a path or staircase? Additions to the flat What options are open to you if another leaseholder in the building is in violation of a provision in their lease? The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.

I inherited a 2 bed flat in Newbury, conveyancing having been completed January 2003. Can you work out an approximate cost of a lease extension? Corresponding flats in Newbury with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 yearly. The lease finishes on 21st October 2101

You have 76 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.