Is it possible for conveyancing in Wick to be concluded in less than two weeks?
Where you are under time constraints to complete it is advisable to make sure that your lawyer is familiar with the area as they will have local contacts and insight. It is possible that they would have transacted previoushouses in the same road. You would be best advised to use a Wick conveyancing lawyer. In addition, double check that the lawyer is on the member panel. It is said that nearly one in five of Wick conveyancing deals are held up or derailed after finding out that a buyer’s lawyer was not on their mortgage lender’s panel. In many cases this discovery resulted in the conveyancing being held up by almost 21 days. It is said that this issue impacts in the region of 100,000 home sales every year. Almost all Wick conveyancing practices can not act for certain mortgage companies so do check as early as possible.
Completed the sale of my flat in Wick last August yet the purchaser is SMS messaging every few hours complaining that his solicitor needs to hear from mylawyer. What are the post completion sale legalities now that I have sold?
Post completion of your disposal your conveyancer should send the transfer deeds and all additional paperwork to the buyer’s conveyancer. Where relevant, your conveyancer should also evidence that the home loan has been repaid to the buyers lawyers. There are no post completion procedures just for conveyancing in Wick.
I am thinking of refinancing my house in Wick, does my lawyer need to be on the Nationwide Solicitor panel?
In theory, you could use a solicitor that is not on the Nationwide conveyancing panel, but Nationwide would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I am planning to move house in April. Will my conveyancing solicitor liaise with the removal company on the day of completion. Incidentally, can you put forward a removal company in Wick. Conveyancing solicitor was organised prior to coming across this site.
On the afternoon of completion you will need to collect the keys from the property agent but this can only be done after the previous owners lawyers confirm to the agent that the monies to complete are in and the keys can be collected. Subsequently you can tell the removal men that they can start moving you in. We do not recommend a particular removal company but can help you choose a residential property solicitor in Wick or a solicitor that specialises in conveyancing in Wick.
We had selected solicitors located in Wick on the Principality solicitor approved list. They are now charging me a supplemental charge for the legal aspects of the Principality mortgage. Is this an additional conveyancing fee specified by Principality?
Unfortunately, as long as it is in their Terms of Engagement or Quote then yes your conveyancing practitioner can levy a fee for this. The fee is not dictated by Principality but by your Wick conveyancer. Numerous firms on the Principality panel will charge an ‘acting for lender’ fee but plenty of firms incorporate it on their overall fee.
I've digested plenty of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Wick solicitor - who is on the Coventry BS conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Coventry BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Coventry BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Wick postcode. As you are getting a mortgage with Coventry BS, you could contact them to see if they have a list of approved surveyors in Wick.
I opted to have a survey done on a property in Wick prior to appointing solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies tend refuse to grant a loan on this type of home.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help 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.
I'm remortgaging my existing property to a buy to let mortgage with Bank of Ireland and intend to use the remaining equity as a down payment on a second property. The neighborhood we are interested in is Wick. Will your solicitors be able to act for the two lenders and tie in the transactions?
Make use of our comparison tool on this site to check that the conveyancers are approved by both mortgage companies. On the basis that they are the solicitor will be able to connect the two deals but you should talk with you lawyer and specify your expectations and needs.