How does conveyancing in Bovey Tracey differ for new build properties?

Most buyers of new build property in Bovey Tracey come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Bovey Tracey typically 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 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 Bovey Tracey or who has acted in the same development.

I've recently found out that there is a flying freehold element on a house I put an offer in last month in what was supposed to be a simple, chain free conveyancing. Bovey Tracey is the location of the property. Can you shed any light on this issue?

Flying freeholds in Bovey Tracey are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bovey Tracey you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bovey Tracey may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.

I was recommended by numerous property agents in Bovey Tracey to choose a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to promote your site over and above alternative conveyancing organisations?

We refuse to make any financial incentive for directing people to this site. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.

Is it best to go with a Bovey Tracey conveyancing solicitor in close proximity to the house I am buying? We have a good friend who can conduct the conveyancing however they are based approximately 350kilometers away.

The benefit of a high street Bovey Tracey conveyancing practice is that you can attend the office to execute documents, deliver your identification documents and apply pressure on them where appropriate. They will also have local knowledge which is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust used your friend and in the main were impressed that should outweigh using an unfamiliar Bovey Tracey conveyancing lawyer just because they are based in the area.

I am due to assess estimates for conveyancing in Bovey Tracey from numerous property lawyer and appoint one. Am I right to ask them to sit tight until I a suitable apartment to buy.

We suggest that you wait to request your conveyancing practitioner to open a file and order searches once the offer has been accepted on the property particularly as Bovey Tracey conveyancing searches are not cheap.