I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Burnham On Sea. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 8/11/2025, the requirements read as follows :
Should our lawyer be raising questions concerning flooding as part of the conveyancing in Burnham On Sea.
Flooding is a growing risk for conveyancers carrying out conveyancing in Burnham On Sea. There are those who acquire a property in Burnham On Sea, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the premises. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Solicitors are not qualified to give advice on flood risk, however there are a number of checks that can be undertaken by the buyer or on a buyer’s behalf which should figure out the risks in Burnham On Sea. The standard completed inquiry forms supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a standard question of the seller to determine whether the property has suffered from flooding. In the event that flooding has previously occurred and is not disclosed by the vendor, then a purchaser may commence a claim for damages resulting from an misleading reply. The purchaser’s lawyers will also carry out an enviro report. This should indicate if there is any known flood risk. If so, more detailed inquiries should be carried out.
I'm buying my first flat in Burnham On Sea with a loan from Barclays Direct. The developers would not move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not disclose to my solicitor about this side-deal as it will impact my mortgage with Barclays Direct. Should I keep quiet?.
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.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Burnham On Sea is the location of the property. What do you suggest?
Flying freeholds in Burnham On Sea are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Burnham On Sea you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnham On Sea may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How can the Landlord & Tenant Act 1954 affect my commercial offices in Burnham On Sea and how can your lawyers assist?
The 1954 Act provides protection to commercial leaseholders, granting the a statutory right to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Burnham On Sea is one of our hundreds of areas of the UK in which our lawyers have offices
What makes a Burnham On Sea lease defective?
There is nothing unique about leasehold conveyancing in Burnham On Sea. All leases are individual and drafting errors can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building
You could encounter a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. HSBC Bank, Norwich and Peterborough Building Society, and Britannia all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to pull out.
I invested in buying a garden flat in Burnham On Sea, conveyancing having been completed in 2010. How much will my lease extension cost? Corresponding properties in Burnham On Sea with a long lease are worth £216,000. The ground rent is £50 charged once a year. The lease comes to an end on 21st October 2095
You have 70 years left to run we estimate the price of your lease extension to span between £9,500 and £11,000 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.