We decided to go with a high street solicitor for our conveyancing in Burnham Market last week. Upon checking the official terms of business it is apparent thatI am responsible for fees even if the movedoes not proceed. Should I go with them or choose a web based firm advertising no completion no cost conveyancing in Burnham Market?

It is usually a trade off in that if "No Sale No Fee" is advertised then the conveyancing charges will generally be higher to neutralise the cases that do not proceed. Also remember that such schemes generally do not cover disbursements by way of example Burnham Market conveyancing search expenses.

I own a freehold residence in Burnham Market but still charged rent, why is this and what is this?

It’s unusual for properties in Burnham Market and has limited impact for conveyancing in Burnham Market but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.

Will my conveyancer be asking questions concerning flooding during the conveyancing in Burnham Market.

Flooding is a growing risk for conveyancers dealing with homes in Burnham Market. There are those who buy a property in Burnham Market, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.

Conveyancers are not best placed to offer advice on flood risk, but there are a number of checks that can be initiated by the buyer or by their conveyancers which will figure out the risks in Burnham Market. The conventional set of property information forms supplied to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the owner to find out if the premises has suffered from flooding. If flooding has previously occurred which is not disclosed by the seller, then a buyer could issue a compensation claim stemming from an misleading response. A purchaser’s solicitors will also conduct an enviro report. This should higlight if there is a recorded flood risk. If so, more detailed inquiries should be made.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Burnham Market?

Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Burnham Market. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

I opted to have a survey done on a property in Burnham Market ahead of instructing conveyancers. I have been told that there is a flying freehold element to the property. My surveyor advised that some mortgage companies will not grant a loan on this type of home.

It varies from the lender to lender. Lloyds has different requirements from Halifax. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Burnham Market. Conveyancing may be slightly more expensive based on your lender's requirements.