At what point can the exchange of contracts take place for purchase conveyancing in Reading and am I required to be at the conveyancers office?

If you are local to one of the conveyancing solicitors in Reading you are welcome to come in to sign contracts. However, the law practices we recommend offer countrywide coverage for conveyancing and give as equally diligent and professional a job for you when dealing with you digitally. The signing of the contract is not when everything is set in stone. Signing on the dotted line is necessary for the conveyancer to address the formalities when the time is right, which is ordinarily shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Reading)to be in the office available at the end of the phone to exchange contracts.

Is it necessary to pay for insurance to cover chancel repairs when acquiring a house in Reading?

Unless a prior acquisition of the property took place post 12 October 2013 you may expect conveyancing practitioners delivering conveyancing in Reading to continue to propose a a chancel search and or insurance against a claim.

What makes your site different to alternative web based conveyancing brokers for conveyancing in Reading?

At this site obtain an accurate quote from a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Reading. Unlike many estate agents and many comparison sites we are not in the business of charging firms a commission if you instruct them for your property ownership legalities in Reading

I am employed by a busy estate agency in Reading where we have experienced a few leasehold sales put at risk due to leases having less than 80 years remaining. I have been given inconsistent advice from local Reading conveyancing firms. Please can you confirm whether the owner of a flat can commence the lease extension formalities for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Reading Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to buying

What restrictions are contained in the Reading Lease? What is the the remaining lease term? It would be prudent to find out as much as you can regarding the managing agents as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often at the mercy of the managing agents from a financial perspective and when it comes to every day issues like the upkeep of the communal areas. You should not be afraid to ask other tenants what they think of them. On a final note, investigate as to the dates that the maintenance charges are due to the relevant party and specifically what it includes.

At what point do I pay stamp duty due for my Reading flat purchase?

Most conveyancers will fill out a Land Transaction Return Form on your behalf as part of your Reading purchase transaction for you to sign. After completion your conveyancer will submit your Land Transaction application to the Inland Revenue and - assuming they have the funds - pay any land tax due for you.