I was referred a lawyer who has quoted £995 for fixed fee conveyancing in Wick. I am hoping to sell a Victorian detached home for £175,000. Are these estimated fees excessive? Is it in excess of the norm for conveyancing in Wick?
The costs illustration is fractionally on the steep side. If you shop around you might decrease the fees marginally by say £100 plus VAT. On the other hand, you maycome to rue choosing an an unknown conveyancer. Remember to check the conveyancer can act for your mortgage company. You can use our search tool to choose a Wick conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Wick.
When can the exchange of contracts take place for purchase conveyancing in Wick and do I need to be at the solicitors office?
Where you are local to one of the conveyancing solicitors in Wick you are welcome to attend to sign the paperwork. That being said, the law practices we work with supply countrywide coverage for conveyancing and give just as detailed and professional a job for you when communicating with you electronically. The executing of the purchase agreement is not the critical part. Signing on the dotted line is just a prerequisite for the firm to exchange contracts at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Wick)to be in the office at the appropriate time.
I'm purchasing my first flat in Wick benefiting from help to buy. The developers would not move on the price so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not inform my conveyancer about this deal as it could adversely affect my loan with The Mortgage Works. 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 opted to have a survey carried out on a property in Wick in advance of appointing lawyers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies will not issue a loan on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wick. Conveyancing will be smoother if you use a solicitor in Wick especially if they are familiar with such properties in Wick.
We're novice buyers - had an offer accepted, but the agent told us that the owners will only issue a contract if we appoint their recommended lawyers as they want an ‘expedited deal’. We would rather use a local solicitor who is accustomed to conveyancing in Wick
We suspect that the seller is unaware of this demand. Should the seller require ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Contact the vendors directly and make the point that (a)you are keen to buy (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)but you intend to instruct your own,trusted Wick conveyancing solicitors - rather thanthose that will earn the negotiator at the agency a referral fee or hit his conveyancing thresholds pre-set by HQ.
The solicitors carrying out our conveyancing in Wick has sent papers to review that indicate that the land is unregistered with epitome documents. Is it not the case that all properties in Wick are registered?
Although the vast majorities of properties in Wick are now registered with HM Land Registry there are still a few that remain unregistered. Any property in Wick that has been purchased since the late 1980’s will have been registered at the Land Registry under the compulsory ‘first registration’ scheme. However, if a Wick property has not changed hands in that time then it’s likely the old fashioned title deeds will be the only evidence of ownership.Plenty of Wick conveyancing solicitors will be capable of dealing with this type of conveyancing but if any uncertainty exists the prevailing guidance nowadays is for the vendor’s solicitor to register it first and then sell - this will have a domino effect to result in a significant delay.