We wanted to use a property lawyer in Burnham On Crouch for our house purchase. Our financial adviser informed us that our mortgage company Santander won't deal with them. Why is this not regarded as unfair competition?
Banks in the main imposes restrictions either the type or the amount of conveyancing solicitors on their member panel. A common example of such criteria being that a law practice must have two or more partners. In addition to restricting the type of firm, some have limited the number of solicitor practices they use to act for them. Be aware that Santander have no responsibility for the quality of advice provided by any member of Santander Conveyancer Panel. Mortgage fraud was a key driver in the rationalisation of solicitor panels a few years ago even though there are mixed opinions regarding the extent of solicitor engagement in some of that fraud. Statistics from the Land Registry indicate that thousands of law firms, including some in or near Burnham On Crouch only perform one or two conveyances a year.
What will a local search inform me about the house my wife and I buying in Burnham On Crouch?
Burnham On Crouch conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search is essential in every Burnham On Crouch conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your property. The search will supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
2 months have elapsed since my purchase conveyancing in Burnham On Crouch took place. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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 property 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.
How does conveyancing in Burnham On Crouch differ for new build properties?
Most buyers of new build residence in Burnham On Crouch approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because new home sellers in Burnham On Crouch tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Burnham On Crouch or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Burnham On Crouch before appointing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some mortgage companies tend refuse to grant a mortgage on such a property.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Burnham On Crouch. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burnham On Crouch to see if the conveyancing will be more expensive.
Looking forward to complete next month on a garden flat in Burnham On Crouch. Conveyancing lawyers have said that they will have a report out to me next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Burnham On Crouch should include some of the following:
What the implications are if you breach a clause of your lease? You should have a good understanding of the building insurance obligations The total extent of the demise. This may be the flat itself but could also include a loft or cellar if relevant. Are you allowed to have a pet in the flat?
Leasehold Conveyancing in Burnham On Crouch - A selection of Questions you should consider Prior to buying
How is the lease structured? What is the name of the managing agents?