The deeds to our home are lost. The lawyers who conducted the conveyancing in Wadebridge 5 years ago are no longer around. What are my options?
You no longer need to have the physical deeds to establish that you own the land or property, as the Land Registry hold details of all registered land or property electronically.
How does conveyancing in Wadebridge differ for new build properties?
Most buyers of new build property in Wadebridge come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Wadebridge typically purchase 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 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 Wadebridge or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Wadebridge prior to retaining lawyers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies may not issue a mortgage on this type of home.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wadebridge. Conveyancing will be smoother if you use a solicitor in Wadebridge especially if they regularly deal with such properties in Wadebridge.
How straightforward is it to use the search app to find a conveyancing practitioner in Wadebridge on the panel for my lender?
Step one is to choose a mortgage company such as Accord Mortgages Ltd, Skipton Building Society or Bank of Ireland then type in your preferred area for example Wadebridge. Conveyancing firms in Wadebridge and nationally should be shown.
We have had DIP from Godiva Mortgages Ltd who said that they will loan up to £300k. When do I need to instruct a practitioner for conveyancing? Wadebridge is where we plan to move to.
You can appoint a conveyancing practitioner now so that the conveyancing practitioner can open the ledger so they can conduct their AML checks etc. As and when you wish them to start work they will seek a payment on account usually approximately £175. That would generally be after you have the mortgage offer and survey report, but should you want to speed the process you can get going sooner albeit risking some money.