I am planning to acquire a flat and need a conveyancing solicitor in Burnham Market who is on the Santander solicitor. 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 listed as being on the approved conveyancing panel for Santander in certain locations such as Burnham Market. We dont recommend any particular firm.

What is the difference between a licensed conveyancer and conveyancing solicitor in Burnham Market

There are many recorded licenced Conveyancers in Burnham Market and Solicitor partnerships in Burnham Market who provide Conveyancing services It is important to make clear that both are regulated professionals specialising in the legal work in the home buying process. The two can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.

How can we tell if a Burnham Market conveyancing solicitor on the Co-operative panel is any good?

When it comes to conveyancing in Burnham Market getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer carrying out your transaction.

I am expecting a OIP from Skipton this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Skipton recommend any Burnham Market solicitors on the Skipton conveyancing panel, or is it better to go independently?

You will need to appoint Burnham Market solicitors independently although you'll need to choose one on the Skipton conveyancing panel. The solicitor represents both you and Skipton through the process.

Due to the advice of my in-laws I had a survey completed on a house in Burnham Market before appointing solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some lenders may refuse to grant a mortgage on this type of home.

It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. If you e-mail us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Burnham Market. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burnham Market to see if the conveyancing will be more expensive.

We are 18 days into a leasehold purchase having been recommend to conveyancers by the high street agent to perform conveyancing in Burnham Market. I am am extremely disappointed with the level of service. Can you you assist me in finding new solicitors?

A solicitor would need to be very bad in order to consider diss instructing them. Has the loan offer been issued? In the event that it has you must make them aware of the new solicitor and get the mortgage documents are re-issued. Your solicitor ideally needs to be on the banks panel to avoid supplemental fees and complications. So that should be your first question of the new lawyers. Our find a solicitor tool can help you find a lender approved solicitor for your conveyancing in Burnham Market

I am tempted by the attractive purchase price for a couple of apartments in Burnham Market both have in the region of 50 years left on the leases. Should I regard a short lease as a deal breaker?

There are no two ways about it. A leasehold flat in Burnham Market is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the salability of the premises. For most purchasers and mortgage companies, leases with under eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Burnham Market conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Leasehold Conveyancing in Burnham Market - Examples of Queries Prior to buying

How many of the leaseholders are in arrears for their maintenance charge payments? The answer will be useful as a) areas may result in problems in the block as the common areas may begin to deteriorate where maintenance are not paid for b) if the leaseholders have a dispute with the managing agents you will wish to have complete disclosure The prefered form of lease structure is if the freehold reversion is in the ownership of the leaseholders. In this scenario the lessees benefit from control and although a managing agent is frequently employed if it is bigger than a house conversion, the managing agent employed by the leaseholders.