We hope to to buy with Loughborough BS. I went into a few high street solicitors yet am unable to find a Wick conveyancing firm on the Loughborough BS panel. Can you help?
You should make use of the find a conveyancing panel solicitor tool on this site. Pick the building society and type Wick or your location and you will discover numerous conveyancers based in Wick or near you.
If you had a top tip for choosing a conveyancing solicitor in Wick what would it be?
It would be unwise to be tempted by the cheapest Wick conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
I am currently in the process of buying my council flat in Wick. I have a mortgage agreed with Santander. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Santander, you will need to appoint a solicitor on the Santander conveyancing panel.
I currently have a mortgage with Skipton for my property in Wick. Conveyancing was finalised 12 months ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Skipton?
You must advise Skipton before letting out your property as this is likely to be a breach of Skipton’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. You need not do this via a Skipton conveyancing panel lawyer.
Are there restrictive covenants that are commonly picked up during conveyancing in Wick?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Wick. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing a new build house in Wick with a loan from Nationwide Building Society. The developers would not move on the price so I negotiated five thousand pounds worth of extras instead. The estate agent suggested that I not disclose to my lawyer about this deal as it may impact my loan with the bank. Do I keep my lawyer in the dark?.
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.
Due to the encouragement of my in-laws I had a survey completed on a house in Wick before retaining solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks tend refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Santander has different instructions from Nationwide. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wick. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wick to see if the conveyancing will be more expensive.
My father has recommend that I appoint his lawyers for conveyancing in Wick. Do I follow his recommendation?
There are no two ways about it the best way to select a conveyancing lawyer is to seek referrals from friends or relatives who have actually previously instructed the solicitor you're are thinking of instructing.