It is unclear whether my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Burnham On Crouch building society branch on various occasions and was told it does not affect the mortgage offer and they would lend. My Burnham On Crouch conveyancing solicitor - who is on the lender conveyancing panel- called to say that they will not lend based on their specific requirements. I have no idea who is right.
Provided that the conveyancer is on the lender panel, she or he must comply with the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am due to exchange contracts on my house. I had a double glazing fitted in July 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, TSB are being problematic. The Burnham On Crouch solicitor who is on the TSB conveyancing panel is recommending indemnity insurance as a solution but TSB are requiring a building regulation certificate. Why do TSB have a conveyancing panel if they don't accept advice from them?
It is probably the case that TSB have referred the matter to their valuer. The reason why TSB may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I had an offer accepted on an apartment in Burnham On Crouch on 10/1/2025, valuation was booked 3 days after, received a clean bill of health. Conveyancer instructed, so all that was missing was my mortgage offer. Having made daily calls to UBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the UBS conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for UBS to deal with your lawyer's application to be on the UBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
Will our lawyer be making enquiries concerning flooding as part of the conveyancing in Burnham On Crouch.
The risk of flooding is if increasing concern for conveyancers specialising in conveyancing in Burnham On Crouch. There are those who purchase a house in Burnham On Crouch, completely aware that at some time, it may be flooded. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Conveyancers are not best placed to offer advice on flood risk, however there are a various searches that can be initiated by the purchaser or by their lawyers which can figure out the risks in Burnham On Crouch. The standard information supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the seller to discover whether the premises has suffered from flooding. In the event that flooding has previously occurred which is not revealed by the vendor, then a purchaser may issue a legal claim for losses resulting from an inaccurate answer. A purchaser’s conveyancers may also commission an enviro report. This will disclose whether there is any known flood risk. If so, further investigations will need to be carried out.
How does conveyancing in Burnham On Crouch differ for newly converted properties?
Most buyers of new build premises in Burnham On Crouch approach us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Burnham On Crouch usually 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 conveyancers 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.
I am looking for a ground for flat up to £245,000 and found one round the corner in Burnham On Crouch I like with a park and transport links nearby, however it's only got 61 years on the lease. There is not much else in Burnham On Crouch for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan that many years will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
Should I be suspicious that third parties that I am dealing with are encouraging me to use an online conveyancing firm rather than a High Street Burnham On Crouch conveyancing practice?
As is the case with many service providers, often input from connections can be extremely useful or valuable. But there are lots of parties with a vested interest in a conveyancing transaction; estate agents, financial adviser and lenders may recommend lawyers to use. Sometimes these conveyancers might be known to one of the organisations as being good in their field, but sometimes there exists a commercial relationship behind the recommendation. You are at liberty to select your own lawyer. You need to be aware that some lenders have an approved list of conveyancers you have to use for the mortgage aspect of your house move.