I was recommended to a conveyancer who has given a fee calculation of £1350 for fixed fee conveyancing in Wigan. I am selling a Edwardian property for £250,000. Are these conveyancing fees excessive? Is it in excess of the average fee for conveyancing in Wigan?
The estimate does seem marginally steep. If you are happy to invest time scrutinising quotes you might get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you mightlive to rue opting for an an untested conveyancer. Remember to be sure the firm can also act for your mortgage company. Do use our comparison tool to choose a Wigan conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Wigan.
Our lender has suggested a law firm on their panel based in Wigan but I would rather choose a conveyancing lawyer in Wigan or nearer to where I live. Can you help?
The minority of Wigan conveyancing firms are on all banks conveyancing panel. Do make use of the above search tool to identify a Wigan conveyancing firm on the on the mortgage company panel.
Various internet forums that I have come across warn that are the number one reason for delay in Wigan house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of holding up conveyancing in Wigan.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, chain free conveyancing. Wigan is the location of the property. Can you shed any light on this issue?
Flying freeholds in Wigan are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wigan you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wigan may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
What advice can you give us when it comes to finding a Wigan conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Wigan conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non Wigan conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
What are the legal fees for lease extension conveyancing? If they are not ALEP accredited then what is the reason?
I invested in buying a 2 bed flat in Wigan, conveyancing was carried out September 2007. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Wigan with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 levied per year. The lease expires on 21st October 2095
With just 76 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. 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 without first getting professional advice.