My partner and I are getting closer to an exchange on a flat in Burnham and my mum and dad have sent the ten percent deposit to my conveyancing practitioner. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my lender. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The lawyer is duty bound to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
As a novice what is the most important piece of guidance you can give me regarding purchase conveyancing in Burnham?
You may not hear this from too many lawyers but conveyancing in Burnham and elsewhere in England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there exists an abundance of room for friction between you and others involved in the home moving process. For example, the vendor, property agent and sometimes your bank. Selecting a solicitor for your conveyancing in Burnham should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the process whose interest is to act in your legal interests and to protect you.
We are witnessing a worrying creep of a "blame" culture- someone must be at fault for the process taking so long. We recommend that you should always trust your solicitor above the other parties when it comes to the legal assignment of property.
My colleague advised me that if I am purchasing in Burnham I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Burnham conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Burnham around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Burnham Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Burnham.
About to purchase a new build apartment in Burnham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Burnham
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
Due to the encouragement of my in-laws I had a survey completed on a house in Burnham prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some lenders will refuse to grant a mortgage on such a house.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Burnham. Conveyancing may be slightly more expensive based on your lender's requirements.
My company is intending to lease a unit on a shopping parade. Can you recommend lawyers offering no-move-no charges for non-domestic conveyancing in Burnham for less than 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Burnham, including the sale and purchase of businesses as well as simply premises. If you are looking to purchase or sell a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right lawyer. Regarding the fees this will depend on the structure and nuances of the deal. Let us have your details or email us so that we can supply you with comprehensive commercial conveyancing quote.