Our family lawyer has given a fee estimate £1700 for fixed fee conveyancing in Wigton. I’m selling a Georgian house for £125,000. This seems expensive. Is it above the norm for conveyancing in Wigton?
The estimate does seem a tad steep. If you shop around you might get the conveyancing a bit cheaper by say £125. On the other hand, you maycome to regret choosing an an untested solicitor. Remember to be sure that the solicitor can represent your lender. You can utilise our search tool to choose a Wigton conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Wigton.
We note that you have a search directory identifying firms on the Bank of Ireland conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Wigton?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Wigton.
Should my solicitor be raising questions concerning flooding during the conveyancing in Wigton.
Flooding is a growing risk for lawyers carrying out conveyancing in Wigton. There are those who buy a house in Wigton, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, however there are a numerous searches that can be undertaken by the buyer or on a buyer’s behalf which will give them a better appreciation of the risks in Wigton. The standard property information forms sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a usual inquiry of the seller to discover whether the property has historically flooded. If the property has been flooded in past and is not revealed by the owner, then a purchaser may issue a compensation claim resulting from an incorrect answer. The purchaser’s conveyancers should also order an enviro report. This should higlight if there is a recorded flood risk. If so, additional investigations should be carried out.
4 months have elapsed since my purchase conveyancing in Wigton completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to instruct a conveyancing solicitor for residential conveyancing in Wigton. I've chance upon a web site which appears to be the ideal solution If there is a chance to get all the legals done via email that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just appointed agents to market my garden flat in Wigton. Conveyancing has not commenced, however I have just received a quarterly service charge invoice – what should I do?
It best that you pay the service charge as usual given that all rents and service charges 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. Having a clear account will assist your cause and will leave you no worse off financially.
Wigton Leasehold Conveyancing - Examples of Questions you should ask Prior to buying
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How many of the leaseholders are in arrears for their maintenance charge payments? Does the lease have onerous restrictions? It would be prudent to find out as much as possible regarding the company managing the block as they can either make living at the property much simpler or uncomfortable. Being a leasehold owner you are often in the clutches of the managing agents both financially and when it comes to day to day matters like the upkeep of the communal areas. Ask other people what they think of them. On a final note, find out the dates that you are obliged pay the maintenance charge to the managing agents and precisely how they are spending the funds.