How does conveyancing in Milford Haven differ for newly converted properties?
Most buyers of new build property in Milford Haven come to us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Milford Haven usually purchase 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 conveyancers 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 Milford Haven or who has acted in the same development.
I decided to have a survey completed on a house in Milford Haven ahead of appointing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some lenders will refuse to issue a mortgage on such a home.
It varies from the lender to lender. Santander has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Milford Haven. Conveyancing will be smoother if you use a solicitor in Milford Haven especially if they are acquainted with such properties in Milford Haven.
I have been pointed in your direction by two or three local selling agents in Milford Haven to get a quote from a conveyancer on your site. Is there a financial upside for Estate Agents to market your lawyers rather than another?
We don’t offer any commission for directing people our way. We found it would be just too difficult a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.