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Find a Wolverton Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Wolverton? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Wolverton conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Wolverton

At what point will exchange of contracts take place for purchase conveyancing in Wolverton and do I need to attend the conveyancers office?

If you are round the corner to our conveyancing solicitors in Wolverton you are welcome to come in to sign contracts. However, the law practices we work with offer countrywide coverage for conveyancing and provide just as diligent and professional a job for you when dealing with you digitally. The executing of the sale agreement is not the important part. Signing on the dotted line is necessary for the firm to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Wolverton)to be in the office available at the end of the phone to exchange contracts.

This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Wolverton. Do I collect the keys to the premises on completion from my solicitor? If this is the case, I will find a High Street conveyancing solicitor in Wolverton?

There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's lawyers, and shortly after the monies have arrived, you should be invited to collect the keys from the Estate Agents and start moving into the property. Usually this happens early afternoon.

is it true that all Wolverton solicitor firms on the Virgin Money conveyancing panel are governed by the SRA?

As a firm of solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. Some mortgage companies do allow licenced conveyancers on their panel and in such a situation the practice would be overseen by the CLC.

We had instructed conveyancing lawyers locally in Wolverton on the Lloyds solicitor approved list. They are now charging me a further fee for dealing with the Lloyds mortgage. Is this a supplemental conveyancing fee set by Lloyds?

Provided it is contained in their Terms and Conditions or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. The charge is not set by Lloyds but by your Wolverton conveyancing practitioner. Numerous firms on the Lloyds panel will charge ’dealing with mortgage’ fee but some practices include it on their overall fee.

Are there restrictive covenants that are commonly picked up as part of conveyancing in Wolverton?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Wolverton. 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 can the Landlord & Tenant Act 1954 affect my business property in Wolverton and how can your lawyers assist?

The 1954 Act affords security of tenure to commercial leaseholders, granting the right to apply to court for a new tenancy and remain in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and handle your commercial conveyancing in Wolverton

I today plan to offer on a house that appears to tick a lot of boxes, at a great figure which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Wolverton. Conveyancing lawyers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Wolverton ?

The majority of houses in Wolverton are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are purchasing in Wolverton so you should seriously consider shopping around for a Wolverton conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your conveyancer should appraise you on the various issues.

I purchased a ground floor flat in Wolverton, conveyancing was carried out 6 years ago. Can you give me give me an indication of the likely cost of a lease extension? Similar properties in Wolverton with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 levied per year. The lease terminates on 21st October 2102

With 80 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 plus costs.

The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. You should not use this information 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. Please do not move forward based on this information without first getting professional advice.

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