Me and my partner are buying a 1 bedroom apartment in Burnham with a mortgage. We like our Burnham conveyancer, however the lender says he's not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or keep our Burnham conveyancing practitioner as well as pay for one of their panel firms to act for them. We regard this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Burnham conveyancing lawyer to apply to be on the conveyancing panel.
We see that you have a post code search directory listing solicitors on the Aldermore conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Burnham?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Burnham.
How does conveyancing in Burnham differ for newly converted properties?
Most buyers of new build premises in Burnham contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because builders in Burnham typically purchase 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 or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what was supposed to be a quick, chain free conveyancing. Burnham is where the house is located. Can you offer any guidance?
Flying freeholds in Burnham are rare 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 diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnham 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 premises.
My company is wishing to lease a unit on a shopping parade. Can you recommend solicitors offering no-sale-no costs for non-domestic conveyancing in Burnham for less than 2k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Burnham, including the disposal and purchase of businesses as well as simply premises. If you are looking to acquire or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. As for the fees these will vary based on the structure and nuances of the proposed transaction. Please provide us with your contact information or email us so that we may furnish you with a fixed commercial conveyancing calculation.