I am buying a ground floor flat in Burwell. My lawyer is not listed on the mortgage company approved list. Am I still permitted to continue with my Burwell conveyancing solicitor even though they are excluded from the bank list of approved lawyers?

One will need to have a lawyer to complete the formalities when you need a loan to purchase your property. They will carry out all the essential legal checks on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage documentation is dealt with. One can appoint a Burwell conveyancer of your choosing. However, where the solicitor appointed is not a member of the mortgage company approved list supplemental costs will arise as separate legal representation will be need by the mortgage company. Bank panel applications may be submitted, so where your solicitor has not historically sought membership they should do so.

We have very brash sellers who has suggested a preliminary agreement with a deposit of 5k. Are such arrangements appropriate for Burwell conveyancing transactions?

Lock out agreements are contracts binding a home seller and prospective acquirer granting the buyer a ‘clear field’ to the sale of the premises for a limited period of time. Essentially, a lock out agreement is a contract stating that you should have a contract at a later time which is the main conveyancing contract. It is generally utilised for buyer assurance though in many situations, the proprietor may stand to benefit from such agreements as well. There are various positives and negatives to having them but you need to check with your solicitor but note that it may result in incurring more in conveyancing charges. For these reasons these agreements are not popular in relation to conveyancing in Burwell.

We are planning to acquire a house and require a conveyancing solicitor in Burwell who is on the Nottingham conveyancing panel. Could you point me in the right direction as regards a firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Nottingham . We don't recommend any particular firms conducting conveyancing in Burwell.

I have been on the look out for a leasehold apartment up to £305k and identified one close by in Burwell I like with a park and station in the vicinity, however it only has 49 years unexpired on the lease. I can't really find anything else in Burwell for this price, so just wondered if I would be making a mistake acquiring a short lease?

Should you require a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.

What type of property do your Burwell conveyancing quotes apply to?

The quotes provided are only applicable to standard residential property in England & Wales. Should you have any different requirements for example industrial or agricultural property or commercial conveyancing in Burwell you should contact us to consider your requirements .