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Conveyancing in Totland Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 21/04/17

Totland attractions and landmarks

The Needles Old Battery National Trust , Needles Lighthouse, Hurst Castle English Heritage and Norton IOW Fort Victoria Marine Aquarium Aquarium are near to Totland.

Totland's nearest airport is Bournemouth International Airport. Southampton Airport is 21 mile s, Bembridge IoW Airport is 20 miles, Sandown IoW Airport is 16 miles and away and Lymington Pier station is almost 6 miles from Totland.

The closest hospital to Totland is Milford War Memorial.

Q.

What do you charge for the legal fees on a 436,000 home? We need low cost conveyancing in Totland.

A.

Many law firms offer theoretically 'the cheapest conveyancing quotes', but additional costs may be added into the solicitor's terms of engagement. Any disbursements should also be included on a conveyancing quote Additional fees which are listed in the small print ought to be reasonable and clear. The online quote calculator can generate an accurate statement of the legal fees for the property you plan to buy.

Q.

Is there a risk that our purchase will be gazumped?

A.

Gazumping happens when a seller accepts an offer and later rejects it. Instead, they then go for a better offer. Gazumping could occur days before contracts are due to be exchanged. The danger of gazumping exists for almost any purchase. The first step in reducing the chance that gazumping will effect you is to instruct a proactive solicitor as soon as possible.

Q.

Is a survey necessary if we are buying a house or flat, regardless of its age, in Totland?

A.

It is recommended that you instruct a property surveyor. It is a fact that there are a wide range of issues which affect a property, including severe weathering, and issues such as these are not likely to be investigated as part of the conveyancing itself.

Q.

What are 'fixtures and fittings'?

A.

House purchasers in Totland are frequently confused by the vagueness surrounding fixtures and fittings. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction.

Q.

Are searches fees or disbursements?

A.

A good quote will clearly list all disbursements and fees. These costs are disbursements not fees, and is passed on at cost.

Q.

My wife and I are buying in Totland. How can we find out if the property is in a designated conservation area?

A.

Conservation areas preserve areas of 'special architectural and historic interest'. You may wish to contact the local authority for further information, but your solicitor will investigate the impact of conservation areas or other planning restrictions.

Q.

What will a Totland property solicitor do if the building we hope to invest in is within a registered conservation area and has ill-suited removal of chimney stacks installed?

A.

Your property lawyer will verify whether your new home is inside a conservation area, and if so whether any modifications have the essential permission from the Isle of Wight authority.

Q.

The internet is full of an increasing number manuals on the subject of by passing the solicitor for example House Buying, Selling and Conveyancing: How to Save Estate Agent and Solicitor Fees When Buying or Selling Property . In which case, do I have to use Totland lawyer ?

A.

Conceivably there is absolutely no argument why a home buyer cant go down that route and handle the legal process unaided.

That said, a conveyancing solicitor carries out a huge number of tasks including chasing any missing replies/clarifications to enquiries and notifying all parties of exchange most of which require experience. In addition lawyers must take out the appropriate insurance cover that protects you from any oversights.

 
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