Is there a reason why leasehold purchase conveyancing in Burnham Market costs more?
In summary, leasehold conveyancing in Burnham Market and Norfolk usually involve extra hours of investigation compared to freehold transactions. This includes reviewing the lease, communicating with the landlord concerning serving appropriate notices, securing up-to-date service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
Me and my brother purchased a renovated Edwardian property in Burnham Market. Conveyancing lawyer acted for me and Birmingham Midshires. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Burnham Market and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing practitioner who conducted the purchase.
I am buying a new build flat in Burnham Market. Conveyancing is a frightening process 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 is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Burnham Market
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I decided to have a survey carried out on a house in Burnham Market in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some banks will refuse to give a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Burnham Market. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burnham Market to see if the conveyancing costs will increase in light of this.
I am looking for a conveyancing practitioner in Burnham Market for my purchase. Is it possible to see a solicitor's record with the profession’s regulator?
Anyone can review published Solicitor Regulator Association (SRA) decisions resulting from investigations from 2008 onwards. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The SRA could recorded telephone calls for training purposes.
Whilst your website is a good idea there are many lawyers listed near Burnham Market being on the bank conveyancing panel. Can you recommend a specific firm on the conveyancing panel for our mortgage company?
We are not in the business of recommending one firm above another as the right Burnham Market conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Burnham Market knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..