We hope to to buy with Coventry BS. I dropped in a couple of local practices yet am unable to find a Cambourne conveyancing firm on the Coventry BS approved list. Can you assist?
Feel free to make the most of the search tool on this site. Pick the lender and type Cambourne or your location and you will discover numerous conveyancers offices in Cambourne or near you.
I have been told that property searches are the number one reason for obstruction in Cambourne conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Cambourne.
Are there restrictive covenants that are commonly identified as part of conveyancing in Cambourne?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Cambourne. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Cambourne differ for newly converted properties?
Most buyers of new build residence in Cambourne approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Cambourne tend to 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 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 accustomed to new build conveyancing in Cambourne or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Cambourne is the location of the property. Is there any advice you can give?
Flying freeholds in Cambourne are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Cambourne you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Cambourne may decide 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 premises.
My partner and I expecting to exchange on the purchase a property in Cambourne but as a consequence of damage from the recent storms I have agreed recompense from the current proprietors of £2k taking the form of a deduction in the price. This was going to be addressed as part of the conveyancing process but my bank will not agree to this. Why were they informed?
Any conveyancing practitioner being on a lender approved list is required to advise the mortgage company of any variations to the sale figure. In the event that you were to refuse your lawyer to report the reduction to your mortgage company then they would have to refrain from representing you and the mortgage company.