My conveyancer has discovered a a legal deficiency with the lease for the flat we are buying in Mersea Island. The seller’s lawyers have put forward defective title insurance as a workaround. We are happy with insurance and will cover the costs. Our lawyer has advised that he must check that the bank is happy with this solution. Are we the client or is the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
Do I need to take out insurance to address the risk of chancel repairs when purchasing a residence in Mersea Island?
Unless a previous purchase of the property took place post 12 October 2013 you could expect lawyers delivering conveyancing in Mersea Island to continue to advocate a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly identified during conveyancing in Mersea Island?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Mersea Island. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Given that I will soon spend over three hundred thousand on a property in Mersea Island I would like to talk to a solicitor about myconveyancing in advance of giving the go ahead to the firm. Can this be arranged?
We could not agree more - we would be pleased to talk to you we do not take any clients on without you speaking to the conveyancer due to be doing your property ownership legalities in Mersea Island.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter reference. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Mersea Island should be the figure that you are charged.
As co-executor for the estate of my aunt I am selling a house in Cardiff but I am based in Mersea Island. My lawyer (who is 300 miles awayhas requested that I execute a stat dec before completion. Could you suggest a conveyancing lawyer in Mersea Island who can witness this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are located in Mersea Island
Estate agents have just been given the go-ahead to market my ground floor apartment in Mersea Island.Conveyancing is yet to be initiated however I have just had a half-yearly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you discharge the service charge as you normally would as all rents and maintenance payments will be allottedas part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially