Having been suggested to visit your site we were about to go ahead with a conveyancing solicitor in Mersea Island listed on your site but have come across alternative costs illustrations on the internet look less expensive – how come?
One can find hundreds of solicitors marketing at first sight what seems to be the cheapest conveyancing in Mersea Island. Our advice is to give due consideration about how much you respect your own move to want to take 'cheap' risks concerning the standard of the conveyancing. Some hide extras well inside the terms and conditions. The solicitors that we put forward for conveyancing in Mersea Island will notbehave this way.
My partner and I changing mortgage lender for our apartment in Mersea Island with Nottingham. We have a son approaching twenty who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, waiving any legal rights in the event that the property is repossessed. I have a couple of questions (1) Is this document specific to the Nottingham conveyancing panel as he did not need to sign this form when we purchased 4 years ago (2) Does our son by signing this compromise his entitlement to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Nottingham. This is solely used to protect Nottingham if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Nottingham had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am buying a property in Mersea Island. A rare aspect is that the roof has a solar panel. Barclays have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Barclays your lawyer must check the formal instructions set out in Part two of UK Finance Lenders’ Handbook for Barclays. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Barclays where a lease does not satisfy these provisions. The provisions relate to the installation of panels on properties countrywide and is not restricted to Mersea Island.
My wife and I are in the throws of looking at houses in Mersea Island and I am now considering a potential offer. Is it too early to have a solicitor in place? I am planning to take a mortgage with RBS.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are seeking a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
I can not fathom if my mortgage offer requires a lease extension. I have called my Mersea Island bank branch on various occasions and was told they are content with the situation and they will lend. My Mersea Island conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend based on their published requirements. Who do I believe?
Your conveyancer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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 £235,500 and identified one near me in Mersea Island I like with open areas and station nearby, the downside is that it's only got 51 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 grave error purchasing a short lease?
If you require a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the amount the 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 ask them to 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 consult your conveyancing lawyer about this.
I need to find a conveyancing solicitor for freehold conveyancing in Mersea Island. I have chance upon a web site which seems to have the perfect answer If it is possible to get all this stuff done via phone that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?