I am considering remortgaging my house in Boscastle, does my lawyer need to be on the Lloyds Solicitor panel?
There is nothing to stop you using your solicitor, but Lloyds will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I have been told that property searches are the main cause of stalling in Boscastle house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Local searches are not likely to be the root cause of slowing down conveyancing in Boscastle.
I moved into my home on 16 March and the transaction details is not yet on the land registry website. Should I be concerned? My conveyancing solicitor in Boscastle said it will be dealt with in a couple of weeks. Are properties in Boscastle particularly slow to register?
There is nothing unique about conveyancing in Boscastle registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to who lodges the application, whether it is in order and whether the Land registry communicate with any interested persons or bodies. As of today roughly 80% of submission are completed in less than three weeks but some can be subject to longer delays. Registration occurs once the new owner is living at the premises therefore an expedited registration is not usually primary concern but if there is a degree of urgency associated with the registration then you or your solicitor must contact the land registry and explain the circumstances.
How does conveyancing in Boscastle differ for newly converted properties?
Most buyers of new build property in Boscastle come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. 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 used to new build conveyancing in Boscastle or who has acted in the same development.
I am looking for a ground for flat up to £305k and identified one close by in Boscastle I like with open areas and railway links nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Boscastle suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will likely be an issue. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.