As someone clueless as to the Fowey conveyancing process what’s your top tip you can impart concerning the home moving process in Fowey

You may not hear this from too many lawyers but conveyancing in Fowey and elsewhere in England and Wales is an adversarial experience. In other words, when it comes to conveyancing there is plenty of opportunity for conflict between you and others involved in the ownership transfer. E.g., the seller, selling agent and on occasion your bank. Selecting a lawyer for your conveyancing in Fowey should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the legal process whose interest is to act in your legal interests and to protect you.

Sometimes a potential adversary may try and convince you that you should follow their advice. For instance, the property agent may claim to be assisting by suggesting your conveyancer is wrong. Or your financial adviser may try to convince you to do something that is against your conveyancers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

This question may be naive but I am new to the house moving as FTB of a garden flat in Fowey. Do I pick up the keys to the property on completion from my conveyancer? If this is the case, I will instruct a local conveyancing solicitor in Fowey?

There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you should be invited to collect the keys from the selling Agents and start moving into the property. Usually this happens between 1 and 3pm.

Is there a list of Lloyds panel solicitors in Fowey on the UK Finance Lenders’ Handbook Website?

No. There is no such directory service on the CML or Building Society Association websites. A small selection of banks make their panel listings viewable online. Where you are in need of a Fowey conveyancer on the Lloyds please use our tool.

After weeks of negotiation I have agreed a price on an apartment in Fowey. My mortgage broker suggested a property lawyer. I paid an on account payment of £225. A few days later, the conveyancer contacted me to say that they were not on the UBS 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 UBS 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.

Am I right to be concerned that estate agents that I am dealing with are recommending an internet conveyancing firm rather than a High Street Fowey conveyancing company?

As is the case with many professional services, often suggestions from relatives can be very helpful. Nevertheless there are numerous people with a vested interest in a conveyancing matter; estate agents, financial adviser and banks may recommend solicitors to select. Sometimes the conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there may be a financial incentive behind the recommendation. You have the right to appoint your own conveyancer. You need to be aware that most mortgage providers operate an approved list of solicitors you are obliged to use for the mortgage related work in your house move.

In my capacity as executor for the estate of my father I am disposing of a property in Cardiff but live in Fowey. My solicitor (who is 300 miles from merequires that I sign a stat dec before completion. Could you suggest a conveyancing practitioner in Fowey to attest and place their company stamp on the document?

Technically speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Fowey

Last February I purchased a leasehold flat in Fowey. Do I have any liability for service charges relating to a period prior to completion of my purchase?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I purchased a garden flat in Fowey, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Similar flats in Fowey with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 levied per year. The lease terminates on 21st October 2089

You have 64 years unexpired we estimate the premium for your lease extension to range between £15,200 and £17,600 plus costs.

The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.