My IFA says he needs my Mersea Island solicitor’s panel reference for the Santander conveyancing panel. What is the best way to obtain this. I have called my local Mersea Island branch but they cant find it on their system.
The sensible thing to do is ask for this information from your Mersea Island property lawyer . Most Mersea Island law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
When reading moneysavingexpert.com for a cheap lawyer in Mersea Island, most advise that I should instruct a CQS assured lawyer. What is CQS?
Mersea Island Conveyancing Quality Scheme practices have achieved accreditation by the law Society The Law Society created CQS to promote high standards in the in the legal transfer of properties. CQS enables buyers and sellers to recognise solicitor firms who provide a quality residential conveyancing. Mersea Island is one of locations in England and Wales in which CQS are located. The scheme obliges solicitors to undergo a strict assessment, compulsory training, self-certification, spot checks and yearly assessments in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Legal Ombudsman.
My wife and I purchasing a detached bungalow in Mersea Island. We would like to an extension at the rear at the property.Will the conveyancing process involve investigations to see if these alterations are prohibited?
Your conveyancer should review the deeds as conveyancing in Mersea Island will sometimes reveal restrictions in the title documents which prohibit categories of works or need the consent of another owner. Many additions need local authority planning permissions and approval in accordance building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
My husband and I have organised the release of further funds on our home loan from Coventry BS as we wish to carry out improvements to our property in Mersea Island. Do we need to select a local Mersea Island solicitor on the Coventry BS conveyancing panel to handle the legals?
Coventry BS do not ordinarily require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS panel.
It is unclear whether my bank requires a lease extension. I have called into my local Mersea Island building society branch on various occasions and was told it does not impact the mortgage offer and they would lend. My Mersea Island conveyancing solicitor - who is on the mortgage company conveyancing panel- called and was told they would not lend based on their specific requirements. I simply don't know who is right.
The property lawyer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the bank 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 remaining.
I am looking for a leasehold apartment up to £195,000 and identified one close by in Mersea Island I like with amenity areas and station nearby, however it's only got 52 remaining years left on the lease. There is not much else in Mersea Island in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage that many years will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may 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 with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I'm refinancing my primary property to a buy to let loan with The Royal Bank of Scotland and intend to use the remaining equity as a down payment on further house. The neighborhood we are talking about is Mersea Island. Will your conveyancers be able to act for both sets of mortgage companies and tie in the two deals?
Do use our comparison tool on this page to ensure that the lawyers are on the relevant lender panels. Having checked that they are the solicitor should be able to tie up the two deals but you should talk with you solicitor and make apparent your expectations and needs.