We were just about to sign contracts for a property in Mersea Island. We have hit a snag. The mortgage offer with HSBC Bank expires on 25/9/2025 but the owners are suggesting a completion date of 29/9/2025. Can one extend the mortgage offer?
The person best placed to deal with your question is your lawyer who is in a position to calculate whether he or she is corresponding with the mortgage company, owner’s conveyancers, estate agents or conceivably all parties taking into account what has happend in your conveyancing to date.
We note that you have a search directory listing solicitors on the Leeds Building Society conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Mersea Island?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Mersea Island.
A colleague advised me that if I am buying in Mersea Island I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Mersea Island conveyancing searches. It is not a small report of more than thirty pages, listing and setting out important information about Mersea Island around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Mersea Island Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful information concerning Mersea Island.
4 months have elapsed following my purchase conveyancing in Mersea Island completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Mersea Island differ for new build properties?
Most buyers of new build property in Mersea Island approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the premises is finished. This is because house builders in Mersea Island typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Mersea Island or who has acted in the same development.
We're FTB’s - agreed a price, yet the estate agent told us that the owners will only proceed if we instruct their preferred lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local conveyancer who is accustomed to conveyancing in Mersea Island
It is highly unlikely the sellers are behind this. Should the seller desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)but you are going to use your own,trusted Mersea Island conveyancing lawyers - not the ones that will provide the estate agent a referral fee or meet his conveyancing targets pre-set by head office.