I am need of leasehold conveyancing for a flat in a fairly new development (seven years built) in Burnham. Almost all the properties are already occupied. Is it strictly necessary to order conveyancing searches for my conveyancing in Burnham?
Where you are obtaining a mortgage, your lender will need some (many) of the searches so you'll have no choice. If not, then Burnham conveyancing searches are for you to decide upon. Your solicitor, will 'advise', perhaps in the strongest possible terms, that you should have the searches done, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you insist that your lawyer to proceed without searches then your lawyer will have to follow your instructions or you will need to switch to another solicitor for your conveyancing in Burnham.
We are purchasing a house and require a conveyancing solicitor in Burnham who is on the Kent Reliance approved panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in Burnham.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Burnham is the location of the property. Can you offer any opinion?
Flying freeholds in Burnham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burnham you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnham may decide 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 residence.
Given that I will soon part with hundreds of thousands of pounds on a garden flat in Burnham I wish to have a conversation with the solicitor concerning thehome move ahead of instructing the firm. Can this be arranged?
Absolutely - we would be happy to talk to you we do not take any clients on without you speaking to the conveyancer who will be conducting your conveyancing in Burnham.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Burnham should be the figure that you are charged.
We are a couple of weeks into a leasehold purchase having been directed to solicitors by the high street agent to handle our conveyancing in Burnham. We are not happy. Can you you assist me in finding new solicitors?
A solicitor would have to be really poor in order to consider changing them. Has your mortgage offer been issued? In the event that it has you must advise them of the new contact details and ensure the loan are re-issued. Your new conveyancer should be on the banks approved list to avoid escalating charges and delays. So that should be your starting point. Our search tool should help you find a lender approved solicitor for your home move in Burnham
I am a negotiator for a long established estate agency in Burnham where we see a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have received inconsistent advice from local Burnham conveyancing firms. Please can you clarify whether the vendor of a flat can start the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I inherited a 2 bed flat in Burnham, conveyancing formalities finalised in 2003. Can you work out an approximate cost of a lease extension? Equivalent properties in Burnham with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ceases on 21st October 2079
With only 55 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.