Completed the sale of my flat in Mersea Island last January yet the purchaser is SMS messaging me to say his solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Following your disposal your conveyancer is obliged to deliver the transfer deeds and all additional paperwork to the buyer’s solicitors. If applicable, your conveyancer should also evidence that the home loan has been redeemed to the buyers lawyers. There is unlikely to be post completion steps just for conveyancing in Mersea Island.
My stepmother informed me that in purchasing a property in Mersea Island there could be various restrictions affecting the ability to carry out external changes to the property. Is this right?
We are aware of a number of properties in Mersea Island which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Mersea Island should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
How can we know in advance if a Mersea Island conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Mersea Island seeking recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advise that you speak with the lawyer conducting your transaction.
Two weeks ago we had a mortgage agreed in principle with TSB. Mersea Island conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB done the valuation? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Will our solicitor be raising enquiries about flooding as part of the conveyancing in Mersea Island.
The risk of flooding is if increasing concern for solicitors dealing with homes in Mersea Island. There are those who purchase a property in Mersea Island, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, however there are a numerous searches that may be carried out by the purchaser or by their lawyers which will give them a better appreciation of the risks in Mersea Island. The standard information sent to a buyer’s solicitor (where the Conveyancing Protocol is adopted) includes a usual question of the seller to find out if the premises has suffered from flooding. In the event that flooding has previously occurred and is not notified by the seller, then a purchaser may issue a legal claim for losses as a result of such an misleading response. The purchaser’s solicitors may also carry out an enviro report. This should higlight whether there is a recorded flood risk. If so, more detailed investigations will need to be carried out.
My wife and I purchased a terraced Edwardian house in Mersea Island. Conveyancing practitioner represented me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Mersea Island and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing practitioner who conducted the conveyancing.
I am selling my home. My previous lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Mersea Island if that makes things easier.
Please use our search tool to help you choose a solicitor for your conveyancing in Mersea Island. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
Are there frequently found deficiencies that you witness in leases for Mersea Island properties?
Leasehold conveyancing in Mersea Island is not unique. Most leases are unique and drafting errors can sometimes mean that certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:
-
A duty to insure the building
A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Yorkshire Building Society, Chelsea Building Society, and Alliance & Leicester all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to pull out.
I invested in buying a 1st floor flat in Mersea Island, conveyancing was carried out 7 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Mersea Island with over 90 years remaining are worth £195,000. The ground rent is £45 invoiced annually. The lease finishes on 21st October 2083
With just 63 years unexpired we estimate the price of your lease extension to be between £16,200 and £18,600 plus legals.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.