Our family solicitor has given a fee estimate just over a thousand pound for freehold conveyancing in Wednesbury. I’m hoping to downsize from a modern property for £200,000. Are the quoted fees excessive? Is it above the norm for conveyancing in Wednesbury?
The estimate does seem a tad steep. If you are content to expend time comparing prices you could shave off some of the cost by as much as £125. On the other hand, you mightcome to regret choosing an an unknown conveyancer. Don't forget to ensure that the conveyancer can act for your bank. You can employ our search tool to get a quote a Wednesbury conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Wednesbury.
We have very assertive vendors who has recommended a preliminary contract with a non-refundable deposit two thousand pounds. Are such agreements sensible?
Lock out contracts are agreements binding a home vendor and purchaser giving the buyer a ‘clear field’ to the sale of the premises for a certain period of time. Essentially, a lock out agreement is a contract specifying that you should receive a contract at a later time which is the main conveyancing contract. It is generally used for buyer protection though in some cases, the owner may enjoy an upside from such agreements as well. There are many pros and cons to having them but you need to check with your solicitor but note that it may end up costing you extra in conveyancing charges. For this these contracts are rare when it comes to conveyancing in Wednesbury.
Are there restrictive covenants that are commonly identified as part of conveyancing in Wednesbury?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Wednesbury. 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…’
I've recently found out that there is a flying freehold issue on a house I put an offer in last month in what should have been a quick, no chain conveyancing. Wednesbury is the location of the property. Can you shed any light on this issue?
Flying freeholds in Wednesbury are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Wednesbury you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wednesbury may determine 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 premises.
Is it possible to transfer to a new firm as I need to choose one who is on the Accord Mortgages Ltd conveyancing list. I had appointed a high street conveyancing solicitor in Wednesbury round the corner but he is not approved by Accord Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Wednesbury on the Accord Mortgages Ltd panel. Please note that the conveyancers that we list do not pay us fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Wednesbury. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Wednesbury.