My wife and I are soon to complete buying a house in Burnham Market but as a consequence of wreckage from a small fire at the property I have was able negotiate recompense from the seller of £3k taking the form of a deduction in the price. I had intended this to be addressed as part of the conveyancing process but Virgin Money are not allowing this. Should they have been approached?
Any property lawyer being on the Virgin Money approved list is duty bound to disclose to Virgin Money of any amendments to the purchase price. If you were to refuse your solicitor to report the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new lawyer for your conveyancing in Burnham Market.
We are selling our flat in Burnham Market. Does the property lawyer have to be required to be on the Santander conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.
I require fast conveyancing in Burnham Market as I am faced with a deadline to exchange contracts within one month. Thankfully I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
As you are not getting a home loan you are at free not to do searches although no conveyancer would suggest that you don't. Drawing on our experience of conveyancing in Burnham Market the following are examples of what can appear and adversely impact the marketability of the property: Enforcement Notices, Overdue Charges, Outstanding Grants, Unadopted Roads,...
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a simple, no chain conveyancing. Burnham Market is the location of the property. Can you offer any opinion?
Flying freeholds in Burnham Market are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Burnham Market you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnham Market 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 residence.
I am looking to sell my property. My past solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Burnham Market if that makes things easier.
You should use our search tool to help you find a solicitor for your conveyancing in Burnham Market. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.