Just contacted my conveyancing solicitor in Mersea Island who acted for me two years ago requesting a conveyancing estimate based on an identical type of home move (a leasehold premises and a freehold property) of similar values with a mortgage from Nottingham Building Society. I am now being charged double. Better the devil I know or do I seek out an alternative firm of conveyancing solicitor?
The costs illustration is fractionally on the steep side. Where you are prepared to invest time comparing prices you could reduce the fees slightly by as much as a hundred pounds. On the other hand, assuming were pleased with the assistance the firm gave you maycome to rue opting for an a cheaper conveyancer. Don't forget to enquire the firm can represent Nottingham Building Society. You can utilise our search tool to find a Mersea Island conveyancing firm on the Nottingham Building Society member panel, which can often include conveyancing solicitors in Mersea Island.
My wife and I have recently appointed a conveyancing solicitor in Mersea Island. I need to find out whether they are on the Britannia approved list of lawyers. Can you assist?
The first thing to do is contact the conveyancer and ask them whether they are on the lender panel. Otherwise you can call Britannia who may be able to assist.
I require quick conveyancing in Mersea Island as I am faced with a deadline to complete within 4 weeks. Thankfully I do not need a mortgage. Can I escape the need for conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to do searches although no conveyancer would recommend that you don't. With lots of history conveyancing in Mersea Island the following are instances of what can appear and therefore affect future saleability: Enforcement Actions, Outstanding Fees, Overdue Grants, Railway Schemes,...
I am buying my first flat in Mersea Island with a loan from TSB. The sellers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my solicitor about this deal as it would affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I work for a busy estate agency in Mersea Island where we have witnessed a number of flat sales put at risk as a result of short leases. I have been given inconsistent advice from local Mersea Island conveyancing firms. Please can you shed some light as to whether the vendor of a flat can initiate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I am the registered owner of a 2 bed flat in Mersea Island, conveyancing formalities finalised 10 years ago. How much will my lease extension cost? Comparable properties in Mersea Island with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease runs out on 21st October 2091
With just 65 years unexpired we estimate the premium for your lease extension to range between £13,300 and £15,400 as well as professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
I'm purchasing a bungalow in Mersea Island. I can find my conveyancer's company on the CLC list, but I can't see my conveyancer's name on the list. Should I be concerned?
Not every individual in the law firm must be listed by the regulator. As long there is a manager qualified to 'oversee' the conveyancing, the actual day-to-day activity can be conducted by unqualified staff.