Do lawyers request money on account for conveyancing in Thatcham?

Where you are retaining lawyers for conveyancing in Thatcham your solicitor will request that you place them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the purchase price then this will be required shortly prior to contracts are exchanged. The closing balance that is due should be sent to your lawyer a couple of days prior to the completion date.

I'm purchasing a new build house in Thatcham benefiting from help to buy. The developers would not budge the price so I negotiated 6k of additionals instead. The estate agent suggested that I not to tell my conveyancer about the extras as it may adversely affect my loan with the lender. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

Hoping to buy a property located in Thatcham and I am already nervous. I couldn't find anything specific about Thatcham. Conveyancing will be needed in due course but do you know about the Thatcham area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Thatcham. In the meantime here are some basic statistics that we found

As co-executor for the estate of my father I am disposing of a house in Monmouth but live in Thatcham. My solicitor (approximately 300 kilometers from mehas requested that I sign a statutory declaration ahead of completion. Can you recommend a conveyancing solicitor in Thatcham to witness this legal document for me?

strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are based in Thatcham

Due to complete next month on a basement flat in Thatcham. Conveyancing lawyers have said that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Thatcham should include some of the following:

Additions to the flat Whether the lease restricts you from renting out the property, or having a home office for business Setting out your legal entitlements in relation to common areas in the block.For example, does the lease grant a right of way over a path or staircase? The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Ground rent - what is due and when is collected, and be on notice if this will change in the future

I acquired a 1st floor flat in Thatcham, conveyancing having been completed half a dozen years ago. Can you work out an approximate cost of a lease extension? Comparable flats in Thatcham with a long lease are worth £190,000. The ground rent is £65 invoiced annually. The lease ceases on 21st October 2086

You have 61 years remaining on your lease we estimate the price of your lease extension to range between £19,000 and £22,000 as well as plus your own and the landlord's "reasonable" professional fees.

The figure 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 due diligence. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.