We chose a high street solicitor for my conveyancing in Wigston today. Looking through the Terms and Conditions I seewe are responsible for fees even where the transaction does not complete. Should I ditch them and choose a web based conveyancing brokerage promising no completion no charge conveyancing in Wigston?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the conveyancing charges will generally be higher to counteract the cases that do not proceed. Do bear in mind that these schemes generally do not cover disbursements e.g. Wigston conveyancing search costs.
The Wigston conveyancing firm that I appointed last week on my house acquisition in Wigston have suddenly closed. I only went with them because I needed a solicitor on the Virgin Money conveyancing panel and my family Wigston lawyer was not. I cut them a cheque for two hundred pounds in advance. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Wigston?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Wigston. 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…’
How does conveyancing in Wigston differ for new build properties?
Most buyers of new build property in Wigston contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because developers in Wigston tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Wigston or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £305k and identified one round the corner in Wigston I like with amenity areas and station nearby, however it only has 49 years on the lease. There is not much else in Wigston suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
In my capacity as executor for the will of my grandmother I am selling a residence in Cardiff but I am based in Wigston. My solicitor (approximately 250 kilometers awayneeds me to sign a stat dec before completion. Can you recommend a conveyancing lawyer in Wigston to attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are based in Wigston