How does conveyancing in Crawcrook differ for newly converted properties?
Most buyers of new build residence in Crawcrook approach us having been asked by the builder to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Crawcrook typically acquire the real estate, 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 property lawyers 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 Crawcrook or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Crawcrook before instructing solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies tend not give a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Crawcrook. Conveyancing will be smoother if you use a solicitor in Crawcrook especially if they regularly deal with such properties in Crawcrook.
Should I instruct a Crawcrook conveyancing practitioner who is local to the property I am buying? An old friend can carry out the legal work but her office is 200kilometers away.
The benefit of a high street Crawcrook conveyancing firm is that you can attend the office to execute paperwork, hand in your ID and pester them if necessary. They will also have local knowledge which is a plus. However nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and in the main were content that must trump using an unfamiliar Crawcrook conveyancing lawyer solely due to them being Crawcrook based.