I am hoping to complete my purchase in Thatcham next Tuesday. My solicitor now wants me to supply her with evidence of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the bank. What risks does the lender expect the insurance to cover?

Any lawyer on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook requirements. These obligations are not specific to conveyancing in Thatcham.

We see that you have a search directory identifying solicitors on the Virgin Money conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Thatcham?

We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Thatcham.

What can a local search tell me about the house I am buying in Thatcham?

Thatcham conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search organisations for instance Searchflow The local search plays a central part in many a Thatcham conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your new home. The search should provide information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.

Is there anything unique about your site and other web based conveyancing solicitors for conveyancing in Thatcham?

At this site get a conveyancing quote from a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Thatcham. As opposed to estate agents and brokerage sites we do not charge firms a fee if you choose them for your conveyancing in Thatcham

I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have since been informed that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Thatcham. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Thatcham ?

Most houses in Thatcham are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Thatcham so you should seriously consider shopping around for a Thatcham conveyancing practitioner and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor will advise you fully on all the issues.

I own a garden flat in Thatcham, conveyancing was carried out December 2009. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Thatcham with over 90 years remaining are worth £195,000. The ground rent is £45 charged once a year. The lease runs out on 21st October 2088

With just 63 years left to run we estimate the price of your lease extension to span between £16,200 and £18,600 plus costs.

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