Just been in touch with my conveyancing solicitor in Truro who acted for me 18 months ago asking for a conveyancing estimate based on the same type of house sale & purchase (a leasehold property and a freehold property) of similar values with a home loan from Barnsley Building Society. I am now being quoted twice the amount. Should I look for an alternative property lawyer?
The estimate does seem a little on the high side. If you are willing to spend time comparing quotes you could shave off some of the expense by perhaps £125. On the other hand, if you were content with the service the firm gave you couldcome to regret choosing an a cheaper lawyer. Don't forget to be sure the conveyancer can represent Barnsley Building Society. Do make use of our search tool to find a Truro conveyancing firm on the Barnsley Building Society conveyancing panel, which can often include conveyancing solicitors in Truro.
It is 10 years ago since I bought my home in Truro. Conveyancing solicitors have recently been appointed on the sale but I can't find the title deeds. Will this cause complications?
Don’t worry too much. First there is a possibility that the deeds will be retained by your mortgage company or they may be in the possession of the solicitor who oversaw the purchase. Secondly in most cases the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. Nearly all conveyancing in Truro relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
four months have elapsed since my purchase conveyancing in Truro completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Truro differ for newly converted properties?
Most buyers of new build or newly converted property in Truro approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because house builders in Truro tend to purchase 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 Truro or who has acted in the same development.
Why can I not complete my conveyancing in Truro on May bank holiday?
Because on completion the money needs to be transferred electronically between the banks of the buyer and seller's conveyancing practitioner and at present this can only occur on a business day. So you can't complete on a saturday or sunday either.