At long last a loan agreement from Santander for the remortgage of my single room flat is expected within the next few days. Are you able to propose a cheap conveyancing solicitor in Burnham On Sea?
You are on the wrong site if you are in need of the lowest fares for conveyancing in Burnham On Sea. Our aim is to provide cost effective conveyancing but we do not advertise as being the cheapest. Do not be seduced by brokers offering the bait of £100 conveyancing in Burnham On Sea. Optimistically, in deciding on low cost conveyancing, you will end up with what you pay for and at worst you will end up being stung for extras and still not receive the service you were hoping for.
I purchased a freehold premises in Burnham On Sea yet charged rent, why is this and what is this?
It’s unusual for properties in Burnham On Sea and has limited impact for conveyancing in Burnham On Sea but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
My lender has suggested solicitors on their panel based in Burnham On Sea but I would rather use a conveyancing lawyer in Burnham On Sea round the corner to me. Are you able to assist?
Far from all Burnham On Sea conveyancing firms are approved and listed on all lender’s conveyancing panel. Do make use of the above find an approved solicitor tool to locate a Burnham On Sea conveyancing conveyancer on the on the lender panel.
I am buying a new build house in Burnham On Sea with a loan from Norwich and Peterborough Building Society. The developers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not reveal to my lawyer about this side-deal as it may jeopardize my loan with Norwich and Peterborough Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
We're first time buyers - had an offer accepted, but the property agent advised that the seller will only proceed if we instruct the agent's chosen lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local conveyancer with experience of conveyancing in Burnham On Sea
We suspect that the owner is not behind this ultimatum. If they want ‘a quick sale', alienating a genuine buyer is is going to put the whole deal at risk. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you are unencumbered (d) you wish to move quickly (e)but you are going to use your preferred Burnham On Sea conveyancing firm - not the ones that will earn the negotiator at the agency a introducer fee or meet his conveyancing targets pre-set by HQ.
Why do I have to send my lawyer with a list of items of ID ahead of starting my conveyancing in Burnham On Sea?
Burnham On Sea solicitors are obliged by the Law Society, Solicitors Regulation Authority, HMLR and current AML legislation to record that the have checked the identity of their clients. It will also be a condition of your lender where you are obtaining a mortgage. Furthermore they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, NI number and DOB.