We note that you have a search directory identifying law firms on the UBS conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Burnley?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Burnley.
We're in Burnley, First time buyers buying with a mortgage (lender is Lloyds , and our lawyer is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have been on the look out for a ground for flat up to £245,000 and identified one close by in Burnley I like with a park and station nearby, the downside is that it's only got 49 years on the lease. There is not much else in Burnley in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage that many years will likely be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Can you offer any advice when it comes to choosing a Burnley conveyancing firm to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Burnley conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with several firms including non Burnley conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be helpful:
What are the costs for lease extension conveyancing?
Burnley Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to buying
On the whole the cost for major works tend not to be included within service charges, albeit that some managing agents in Burnley obliged tenants to pay into a sinking fund and this is used to offset against major works. Make sure you investigate if there is anything that is prohibited in the lease. For example it is very common in Burnley leases that pets are not permitted in certain buildings in Burnley. If you love the flatin Burnley however your cat can’t live with you then you have a very hard choice. Is there a share of the freehold?
Can you confirm the variety of conveyancing handled by Burnley conveyancing practices?
For the most part Burnley conveyancing solicitors will conduct various services to residential and agricultural land proprietors, sellers, buyers, landlords and tenants such as:
Property sale conveyancing in Burnley or nationally
Home purchase conveyancing in Burnley and throughout England and Wales
Buying and selling at auction Drafting in respect of rights of drainage, services, and access (Easements) Property division, as a result of divorce or separation Option and Exclusivity Agreements