My apartment in Cornwall is up for sale and I have a buyer. Will the solicitor have to be on the UBS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
My bid for a property was accepted at auction in Cornwall. Conveyancing is required. What are my next steps?
Given that you have now exchanged you will need to instruct a conveyancing solicitor as a matter of priority as you are faced with a tight a drop dead date to complete the deal. An auction property will ordinarily have an associated auction set of papers. This will include evidence of title and search results. Where you are dealing with leasehold premises the legal papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You should pass this on to the conveyancer instructed by you ASAP. Do make sure that that you have the requisite funding in place to complete the transaction on the set completion date.
I am the single recipient of my late grandmother’s estate and I have everything in my name alone, including the my former home in Cornwall. The Cornwall property was put into my name in January. I plan to dispose of the house. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship may be regarded the same way as if I'd bought the property in January. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How sensible a view mortgage companies take of it, depend on the lender as this obligation is primarily there to identify the purchase and immediately sell or the wholesaling and assigning of properties.
Yorkshire BS have agreed my home loan in principle, my offer on a apartment in Cornwall has been accepted, what happens next?
Your property agent will want to know who your solicitors are (be sure the conveyancers are on the bank’s panel). Call up Yorkshire BS or your broker and complete any relevant paperwork. Yorkshire BS will sellect a valuer who will get in touch with the selling agent or seller to book a time for the valuation to take place. Once conducted (assuming no problems) it takes on average a week to get a mortgage offer. Yorkshire BS will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Cornwall.
I used Wolstenholmes a few years past for my conveyancing in Cornwall. I now require my papers but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Cornwall of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Cornwall differ for new build properties?
Most buyers of new build or newly converted property in Cornwall approach us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is finished. This is because developers in Cornwall tend to acquire the land, 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 conveyancers 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 Cornwall or who has acted in the same development.
At long last a mortgage agreement from a mortgage company for the refinancing of my 3 bedroom flat is coming by the end of next week. Are you able to recommend a cheap remortgage conveyancing solicitor in Cornwall ?
You are on the wrong site if you are in need of the cheapest conveyancing in Cornwall. Our intention is to offer cost effective conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing companies offering low cost conveyancing in Cornwall.At best, in going for cheap conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in additional fee and still not get the service expected.