Much to our surprise we have been notified by our mortgage adviser that my Wick lawyer is not on the lender Conveyancing panel. How can I check?
You need to call your Wick lawyer directly. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
At what point can the exchange of contracts happen for domestic conveyancing in Wick and do I need to be at the conveyancers office?
If you are near to one of the conveyancing solicitors in Wick you are invited in to sign contracts. That being said, the firms we recommend provide countrywide coverage for conveyancing and provide as equally comprehensive and professional a job for you when dealing with you digitally. The signing of the purchase agreement is not when everything is set in stone. A signed contract is just a prerequisite for the solicitor to address the formalities at the appropriate time, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a lengthy "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Wick)to be in the office available at the end of the phone to exchange contracts.
It has been 2 months since my purchase conveyancing in Wick completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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 premises 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.
I have been on the look out for a leasehold apartment up to £235,500 and found one near me in Wick I like with a park and station nearby, however it only has 61 remaining years left on the lease. I can't really find anything else in Wick for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
Hoping to buy a property located in Wick and I am already nervous. I couldn't find anything specific about Wick. Conveyancing will be needed in due course but do you know about the Wick area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Wick. In the meantime here are some basic statistics that we found
I only have 68 years unexpired on my flat in Wick. I now wish to get lease extension but my landlord is missing. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to prove that you have made all reasonable attempts to locate the freeholder. In some cases a specialist would be useful to carry out a search and prepare a report which can be accepted by the court as proof that the landlord can not be located. It is wise to seek advice from a conveyancer both on proving the landlord’s disappearance and the application to the County Court covering Wick.
Wick Conveyancing for Leasehold Flats - Sample of Questions you should consider before Purchasing
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Be sure to enquire if there is anything that is prohibited in the lease. For example some leases prohibit pets being allowed in certain buildings in Wick. If you like the flatin Wick however your cat can’t make the move with you then you will be presented with a hard choice. How much is the service charge and ground rent on the flat? Does the lease have onerous restrictions?