Do the conveyancing solicitors listed on your site execute conveyancing in Fowey by way of an attended exchange?

We do have a number of conveyancing specialists who can conduct attended exchanges. Please contact us to secure a costs illustration and details as to dates.

I am the registered owner of a freehold property in Fowey but still charged rent, why is this and what is this?

It is rare for properties in Fowey and has limited impact for conveyancing in Fowey but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.

Me and my partner are buying a apartment in Fowey. It might be a silly question but how we can trust a solicitor? At some point we have to deposit money into their account. What is the protection we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

I recently had an offer accepted on an apartment in Fowey. My financial adviser recommended their conveyancers. I paid an upfront payment of £200. Shortly after, the conveyancing practitioner called me embarrassingly acknowledging that they were not on the Yorkshire BS conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Yorkshire BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

I have finally had an offer on a maisonette in Fowey agreed to, the owners do nevertheless have a connected purchase. The sellers have offered on a property, however it’s not yet tied up, and have viewings of other apartments in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Fowey. What should be my next step? At what point should I apply for the mortgage with Bank of Ireland?

It is usual to have anxieties where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is approx one thousand pounds, then survey, Fowey conveyancing search costs, etc). First, you must ensure that your conveyancing practitioner is on the Bank of Ireland approved list. Concerning the next steps this very much depends on the circumstances of your transaction, motivation for the property and on the state of the market. In a hot market many home buyers will apply for the mortgage with Bank of Ireland and arrange for the valuation and only if it was satisfactory would they request their solicitor to proceed with searches.

Am I best advised to instruct a Fowey conveyancing lawyer based in the vicinity that I am purchasing? An old friend can deal with the legal formalities however his firm is located 300kilometers drive away.

The primary upside of using a local Fowey conveyancing practice is that you can visit the firm to sign documents, deliver your identification documents and pester them where appropriate. Having local Fowey know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and in the main were happy that must trump using an unknown Fowey conveyancing lawyer solely due to them being Fowey based.

We have been advised by numerous estate agents to expect 6-8 weeks for Fowey conveyancing to complete.This was 3 ago. The paperwork was only received from the vendors conveyancer last week so now does it countdown?

Don't bank on completing on a specific date until contracts are exchanged. Regardless of the assurances the people you are acquiring from or selling to make, or your lender gives don't bank on them. More frustration is caused to clients trying to move home by false assurances than any other factor when it comes to conveyancing in Fowey.