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Conveyancing in Wavertree Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 20/04/17

Drivers are well catered for with Wavertree enjoying very convenient major road access approximately 1.4 miles off the M62.

Wavertree's nearest train station is Edge Hill at 1 mile s. Liverpool John Lennon Airport is 5 miles from Wavertree. Howarden Airport is 16 miles and Eccles Airport is 23 miles away.

Liverpool, 57 Greenbank Rd is a nearby hospital to Wavertree.

Q.

I am looking for a low cost conveyancing quote. and what is included?

A.

The confusion over what is, and is not, included in a 'cheap' quote leaves many buyers paying out more than they anticipated in the end, and many solicitors offer cheap conveyancing, but additional fees can pad the solicitor's invoice. Additional fees ought to be fair. They be applicable if your lawyer must perform additional tasks on your behalf, which could not be anticipated at the start of the process. Third party costs, termed disbursements, to be paid should also be included on any quote for conveyancing in WavertreeWe offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

What does 'gazumping' involve?

A.

The practice of rejecting an accepted offer on a house once another buyer makes a bigger offer is called gazumping. There is almost always a danger of gazumping. Instructing a property solicitor early, and even before acceptance of an offer should help to mitigate this risk.

Q.

Should we opt for the solicitor suggested by our local agent?

A.

Your agent will push a solicitors firm. Such referrals should be compared against alternatives, such as local solicitors, or firms found online, as the agent may prefer to suggest whichever firm pays the most per referral, not the most appropriate choice.

Q.

We have found a buyer and have a quote from you. Might there be any additional costs?

No. Our solicitors never hide any hidden extra charges for standard conveyancing legal work. Know that some solicitors' firms will give a low estimate, not an accurate quote, which could be totally different to your final invoice.

Q.

Does my property solicitor in Wavertree inform me about the amount to be paid of council tax for a Band E property before exchanging contracts?

A.

The lawyer will contact the relevant Liverpool local authority to ask about the correct council tax charges which will be written in the conveyancer's title report.

Council tax charges for properties in Wavertree are tabled on the Liverpool council website. At the time of authoring, 27 November 2012, rates are as follows:

  • Band A - £1,017.00
  • Band B - £1,187.00
  • Band C - £1,357.00
  • Band D - £1,526.00
  • Band E - £1,865.00
  • Band F - £2,204.00
  • Band G - £2,544.00
  • Band H - £3,052.00

Q.

What length of time will conveyancing often require, on average? I already have an offer.

A.

The length of time needed to transact a home will vary, dependent on a broad set of issues. These may include if you plan to take out a mortgage. The national average is 8 to 12 weeks, we however take a proactive approach, driving the sale or purchase to complete sooner.

Q.

Regarding the serious flooding in Sept 2012 in North West England, I am concerned that flood risk searches might not be sufficient?

A.

A thorough Wavertree property solicitor will consider include environmental searches if the standard searches spots a significant risk Wavertree flood risk.

You could always converse with a local resident for that added comfort.

Q.

What kind of due diligence regarding the risk and history of local flooding to properties in Merseyside will the lawyer in Wavertree give an account of?

A.

A key component in the legal process involves the conveyancing lawyer conducting property conveyancing searches that provide you with specific information about the potential Wavertree flood risk.

 
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