I hired a local solicitor for our conveyancing in Wick today. Reviewing the Terms I noteI am liable for costs even where the conveyance does not complete. Should I ditch them and choose an on-line conveyancing company promising no completion no cost conveyancing in Wick?
Generally there is a compromise along the lines that if "No Sale No Fee" is advertised then the conveyancing charges will tend to be be higher to cover those conveyances that abort. Dont forget that such arrangements tend not to protect you from disbursements such your Wick conveyancing search fees.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Wick. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 16/12/2018, the requirements read as follows :
We are planning to move home in January. Should my conveyancing solicitor call the removal company on the day of completion. As an aside, can you recommend a removal company in Wick. Conveyancing solicitor was organised prior to coming across your site.
On the day of completion you will need to collect the house keys from your selling agent however this can only take place once the sellers lawyers inform the agent that the monies to complete are in and the keys can be passed over. After that you will need to tell the removal men that they can start moving you in. We are not in a position to suggest a particular removal company but can assist you in locating a conveyancing in Wick or a legal practice with expertise in conveyancing in Wick.
I have been told by my solicitor that restrictive coveneant insurance is needed on my purchase. What is the level of cover for Wick conveyancing?
The appropriate level of restrictive coveneant indemnity insurance depends on who your lender is. It would differ for example between Lloyds TSB Bank and Leeds Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.
I am currently in the process of buying my council flat in Wick. I have a mortgage offer with UBS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 UBS, you will need to appoint a solicitor on the UBS conveyancing panel.
How does conveyancing in Wick differ for new build properties?
Most buyers of new build or newly converted property in Wick come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is constructed. This is because developers in Wick typically acquire the real estate, 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 conveyancing solicitors 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 Wick or who has acted in the same development.
What tools are available to search for a Wick law firm on the Alliance & Leicester conveyancing panel? I am a keen cyclist and am prepared to travel upto 25miles to meet the conveyancer.
Feel free to make use of the facility on this website. Please choose the mortgage company and your location and you will see a number of Wick conveyancing lawyers located nearest you. We have detailed some Wick conveyancing firms towards the end of this page and you can telephone them to see whether they are on the Alliance & Leicester panel