I am buying a property for cash in Mersea Island. I have resided for the previous dozen years in Mersea Island. Conveyancing searches are exorbitant. As I know the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then the vast majority of the Mersea Island conveyancing searches are at your discretion. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches done, but he has a professional duty to do this. One thing to take into account; if you are likely to dispose of the house one day, it will be of interest to your future purchaser what the searches reveal. There are plenty of instances where premises with functional issues can still show up negative search results. A good conveyancing solicitor in Mersea Island should provide you some sensible advice concerning this.
We hope to to purchase with Loughborough BS. We have called around locally yet am unable to find a Mersea Island conveyancing firm on the Loughborough BS approved list. Could you assist?
Feel free to take advantage of the search tool on this page. Please choose the building society and type Mersea Island or your preferred area and you will see numerous conveyancers offices in Mersea Island or by proximity to you.
We are buying a flat in Mersea Island. I might seem paranoid but how we can trust a lawyer? On the day of competition we have to deposit funds into their account. What protection do we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I happen to be the only beneficiary of my late father’s will and I have everything in my name now, including the house in Mersea Island. Conveyancing formalities meant that the Land Registry date was in December. I want to move. I understand that there is a Mortgage Lenders six month 'rule', meaning my property ownership may be regarded the same way as if I'd bought the house in December. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How practical a view lenders take of it, depend on the mortgage company as this requirement is chiefly there to capture subsales or the quick reselling of property.
Lloyds have agreed my home loan in principle, my bid on a house in Mersea Island has been agreed to, what are the next steps?
Your property agent will need to be advised as to your lawyer's details (be sure the conveyancers are on the lender’s approved list). Telephone Lloyds or your broker and finish off any outstanding paperwork. Lloyds will sellect a valuer who will get in touch with the estate agent or vendor to book an appointment. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Lloyds will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Mersea Island.
I have been told that property searches are the primary reason for delay in Mersea Island conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Mersea Island.
Despite weeks of looking the Title Certificate and documents to our house are lost. The lawyers who dealt with the conveyancing in Mersea Island 10 years ago no longer exist. What are my next steps?
As long as you have a registered title the information relating to your proprietorship will be evidenced by the Land Registry with a Title Number. It is easy to conduct a search at the Land Registry, identify your property and secure up to date copies of the property title for less than a fiver. Where the title is Leasehold then the Land Registry will in most cases hold a certified duplicate of the Registered Lease and again, a copy can be ordered for £20 inclusive of VAT.
I'm purchasing my first flat in Mersea Island with a mortgage from Platform Home Loans Ltd. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not to tell my conveyancer about the deal as it may impact my mortgage with Platform Home Loans Ltd. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.