I was notified today by my financial adviser that my Wigan property lawyer is not on the bank Solicitor panel. What can I do to check?
The first thing you need to do is to contact your Wigan conveyancer. It is reasonable to expect your lawyer to notify you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
The owners have rather pushy sellers who has suggested a lock out agreement with a down payment 6,000. Are such agreements sensible?
Exclusivity agreements are agreements binding a property owner and prospective acquirer giving the buyer exclusive rights to the sale of the premises for a limited period of time. For all intents and purposes, a lock out agreement is a contract stating that you will receive a contract at a later time being the main conveyancing contract. It tends to be used for buyer assurance though in some cases, the owner may stand to benefit from such agreements as well. There are numerous positives and negatives to using an agreement but you should to check with your solicitor but note that it may result in incurring extra in conveyancing fees. In light of these reasons these agreements are not popular when it comes to conveyancing in Wigan.
Various online forums that I have come across warn that are the primary cause of stalling in Wigan conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in Wigan.
My husband and I are 3 weeks into a residential purchase having been referred to solicitors by the estate agent to carry out the conveyancing in Wigan. I am am extremely frustrated with the quality of service. Can you help me find new solicitors?
They would need to be very bad to suggest diss instructing them. Has the mortgage offer been sent? If so you need to make them aware of the new solicitor and get the offer are re-sent. Your new solicitor ideally needs to be on the banks panel to avoid escalating fees and complications. That should be your first question of the new solicitors. Our search tool can help you find a bank approved lawyer for your home move in Wigan
I’m about to sell my ground floor apartment in Wigan. Conveyancing has not commenced, however I have just had a quarterly maintenance charge invoice – what should I do?
The sensible thing to do is clear the service charge as usual given that all rents and maintenance invoices should be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the registered owner of a 1st floor flat in Wigan, conveyancing having been completed December 2010. Can you work out an approximate cost of a lease extension? Comparable flats in Wigan with an extended lease are worth £175,000. The ground rent is £65 invoiced every year. The lease terminates on 21st October 2082
You have 58 years remaining on your lease the likely cost is going to span between £21,900 and £25,200 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before seeking the advice of a professional.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.