My previous solicitor has sent a quote for £1200 for fixed fee conveyancing in Wigston. I am looking to sell a Georgian detached home for £225,000. Are these estimated fees excessive? Is it in excess of the norm for conveyancing in Wigston?
The estimate does seem a tad steep. Where you are willing to invest time comparing costs you might trim some of the expense by say a hundred pounds. On the other hand, you maycome to rue choosing an an unknown solicitor. Don't forget to be sure that the solicitor can act for your bank. You can make use of our search tool to get a quote a Wigston conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Wigston.
The owners of the property we are hoping to buy have instructed a conveyancing solicitor in Wigston who has recommended a exclusivity agreement with a payment two thousand pounds. Are such agreements appropriate for Wigston conveyancing transactions?
Lock out agreements are agreements binding a property vendor and purchaser giving the buyer the sole right to purchase the premises for a limited period of time. Essentially, an exclusivity is a document specifying that you will receive a contract at a later date which is the contract for the actual sale. It tends to be used for buyer protection though in many situations, the vendor may enjoy an upside from such agreements as well. There are various pros and cons to having them but you need to check with your lawyer but note that it may end up incurring more in conveyancing fees. For this these contracts are unusual in relation to conveyancing in Wigston.
I am thinking of remortgaging my home in Wigston, does my lawyer need to be on the Kent Reliance Conveyancing panel?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Should my solicitor be making enquiries concerning flooding during the conveyancing in Wigston.
The risk of flooding is if increasing concern for lawyers dealing with homes in Wigston. There are those who buy a property in Wigston, completely expectant that at some time, it may be flooded. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not best placed to give advice on flood risk, however there are a numerous checks that can be carried out by the buyer or by their conveyancers which will figure out the risks in Wigston. The conventional set of information given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the seller to determine whether the premises has historically flooded. In the event that flooding has previously occurred and is not notified by the vendor, then a purchaser could commence a claim for damages stemming from an incorrect response. A purchaser’s conveyancers may also carry out an enviro search. This should indicate whether there is any known flood risk. If so, more detailed inquiries should be made.
I opted to have a survey carried out on a property in Wigston before retaining lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies will not issue a loan on such a property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Nationwide. If you call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Wigston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wigston to see if the conveyancing will be more expensive.
I am purchasing a flat and need a conveyancing solicitor in Wigston who is on the lender approved panel. Can you recommend a Wigston or local firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who do conveyancing in Wigston. We dont recommend any particular solicitor.