I am in the throes of swapping over from my domestic mortgage to a Buy to Let Nottingham Building Society mortgage. The bank has said that I must appoint a solicitor as part of the process. I spoke to my past Wigan conveyancing solicitor who dealt with the legals when I initially purchased the premises. The pricing estimate supplied of £575 plus disbursements has surprised me as its a refinance than a sale or purchase.
The estimate does seem a tad on the high side. If you shop around you may be able to reduce the fees marginally by perhaps £100 plus VAT. That being said, if you were content with the legal work the firm offered you couldlive to rue opting for an an unknown conveyancer. Don't forget to ensure the firm can act for Nottingham Building Society. Do use our search tool to select a Wigan conveyancing firm on the Nottingham Building Society approved list of lawyers, which can often include conveyancing solicitors in Wigan.
My husband and I are buying a new build apartment in Wigan and my solicitor is advising me that she has to the lender to reveal incentives from the seller. I am under pressure to exchange contracts and I have no desire to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My wife and I purchased a terraced Edwardian property in Wigan. Conveyancing solicitor acted for me and Halifax. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Wigan and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing solicitor who conducted the conveyancing.
Given that I am about to spend 450k on 3 bedroom house in Wigan I would like to have a conversation with the conveyancer about myhouse move in advance of giving the go ahead to the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be conducting your property ownership legalities in Wigan.There is no ‘factory style conveyancing’ - every client is unique person, not a file number. The practices that we put you in touch with believe that the figure you are provided with for your conveyancing in Wigan should be the amount on the final invoice that you are charged.
I am attracted to a couple of apartments in Wigan both have approximately 50 years left on the lease term. Will this present a problem?
There are plenty of short leases in Wigan. The lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the marketability of the lease decreases and it becomes more expensive to extend the lease. This is why it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this field.
Wigan Leasehold Conveyancing - Sample of Queries before buying
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What is the length of the lease? Is anyone aware of any major works in the near future that could increase the maintenance charges? How much is the maintenance charge and ground rent on the flat?
I require the services of a mortgage company panel solicitor in Wigan. Can you assist?
Unfortunately it’s not apparent why you need a Wigan panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the lender to find out which solicitors in Wigan are on their panel . If you do find such a firm in Wigan not listed please direct them to our site to list. At a fee of one pound per month it is not expensive to register on the site