A relative recommended that where I am purchasing in Burnham Market I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Burnham Market conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Burnham Market 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 Market Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Burnham Market Education with maps and statistics, Local Amenities and other useful information concerning Burnham Market.
five months have gone by following my purchase conveyancing in Burnham Market completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey done on a property in Burnham Market prior to retaining solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. Should you wish to call us we can investigate further with the appropriate mortgage company. 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 may be slightly more expensive based on your lender's requirements.
Is it simple use your search app to choose a conveyancing lawyer in Burnham Market on the panel for my bank?
First pick a lender such as National Westminster Bank, The Royal Bank of Scotland or Godiva Mortgages Ltd then type in your location a common one being Burnham Market. Conveyancing firms in Burnham Market and nationally will then be identified.
Last November I purchased a leasehold property in Burnham Market. Do I have any liability for service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Burnham Market Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing
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Who is in charge of the building? What restrictions exist in the Burnham Market Lease? Is the freehold reversion owned collectively by the tenants?
I'm purchasing a house in Burnham Market. I have found my conveyancer's company on the CLC list, but I can't see my conveyancer's name as listed on the regulator's website. Should I be concerned?
Not all staff in the law firm must be listed by the regulator. As long there is a manager qualified to 'oversee' the work, the actual day-to-day activity can be conducted by unlicensed staff.