I have given 8 weeks notice to my existing landlord and must vacate my let out apartment in Wargrave by 31/12/2024. Conveyancing on my purchase is underway. Is it possible to complete in three weeks as I wish to avoid having to move into short term accommodation?
The normal practice is not to serve notice for your tenancy unless exchange of contracts has taken place. Assuming that you have not already done so, contact to your conveyancer and ask them to they apply pressure on the sellers lawyers, try to an agreed time frame that everyone will work towards
We had selected solicitors with offices in Wargrave on the Virgin Money solicitor panel. They have just invoiced me a separate charge for dealing with the Virgin Money mortgage. Is this a supplemental conveyancing fee set by Virgin Money?
Provided it is contained in their Terms and Conditions or Quote then yes your conveyancer is entitled to levy a fee for this. The fee is not dictated by Virgin Money but by your Wargrave property lawyer. Numerous firms on the Virgin Money panel will quote ’dealing with mortgage’ fee but many practices include it on their overall fee.
How can we know in advance if a Wargrave conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Wargrave obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the solicitor handling your conveyancing.
My sealed bid on a semi in Wargrave has been accepted, but there is a chain. The sellers have put an offer on somewhere, however it’s not yet agreed to, and are looking at other apartments booked. I have chosen a local conveyancing solicitor in Wargrave. What should be my next step? When do I get the mortgage application with Nottingham going?
It is normal to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then survey, Wargrave conveyancing search charges, etc). The first thing to do is ensure that your property lawyer is on the Nottingham conveyancing panel. As to the subsequent phase this very much depends on the uniqueness of your transaction, attraction to this property and on the state of the market. During a buoyant market some buyers would apply for a home loan with Nottingham and pay for the valuation and only if it was satisfactory would they ask their lawyer to press on with the conveyancing in Wargrave.
How does conveyancing in Wargrave differ for new build properties?
Most buyers of new build residence in Wargrave contact us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because new home sellers in Wargrave typically purchase 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 property lawyers 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 used to new build conveyancing in Wargrave or who has acted in the same development.
We're new to the buying process - had an offer accepted, yet the property agent advised that the vendor will only issue a contract if we instruct their preferred lawyers as they want a ‘quick sale’. We would rather use a high street conveyancer with experience of conveyancing in Wargrave
It is highly unlikely the owners are behind this. Should the seller desire ‘a quick sale', taking such a hostile approach to a serious purchaser is likely to cause more damage than good. Bypass the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are chain free (d) you wish to move quickly (e)but you intend to use your preferred Wargrave conveyancing solicitors - not the ones that will earn their estate agent a referral fee or meet his conveyancing thresholds pre-set by senior management.
My cousin is buying a basement flat in Wargrave. He was given a quote by the solicitor recommended by the selling agents and it came to £1245 . It was 9 years ago since I sold and purchased a property and the fee was £495. Have costs really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example Wargrave searches, land registry fees, etc)