The deeds to our property can not be found. The solicitors who did the conveyancing in Boscastle 5 years ago are no longer around. What are my next steps?
Nowadays there are copies made of almost everything, and your conveyancer will know precisely where to look for all the appropriate documentation so you may buy or sell your house without a hitch. If duplicates are not available, your solicitor may be able to arrange cover in the form of insurance or indemnities against future claims on the premises.
How does conveyancing in Boscastle differ for new build properties?
Most buyers of new build property in Boscastle contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is constructed. This is because house builders in Boscastle typically acquire the site, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Boscastle or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Boscastle in advance of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some banks tend refuse to issue a mortgage on a flying freehold house.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Boscastle. Conveyancing will be smoother if you use a solicitor in Boscastle especially if they are accustomed to such properties in Boscastle.
I was advised by a few selling agents in Boscastle to locate a conveyancer on your site. What’s the financial inducement for Estate Agents to offer your services ahead of a competitor’s?
We don’t make any referral fee for pointing buyers and sellers our way. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
I have read on a number of consumer advice websites that before selecting a conveyancing solicitors they must be approved by your mortgage company. It happens to be my first house move but I have an offer in principle via Nat West Bank and I already have a family conveyancing solicitor in Boscastle in place. Can Nat West Bank need an approved solicitor to be used? Does a directory of approved conveyancers even exist for my conveyancing in Boscastle?
You need to use a solicitor that is on the Nat West Bank panel. The simplest thing to do is call your preferred Boscastle conveyancing solicitor and ask if they are on the Nat West Bank panel. If they are not approved you have numerous options open to you here:
- Carry on with your existing Boscastle solicitor but Nat West Bank will undoubtedly instruct a property lawyer on their approved panel. The net result is additional cost and probable frustration.
- Get a fresh conveyancing practitioner to conduct the conveyancing, making sure they are on the Nat West Bank conveyancing panel.
- Convince your solicitor to pull out all the stops to get listed on the Nat West Bank panel of solicitors.