I have been told that property searches are a common cause of delay in Morpeth house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Morpeth.
Despite weeks of looking the Title Certificate and documents to our home are lost. The conveyancers who did the conveyancing in Morpeth 4 years ago are no longer around.What do I do?
As long as you have a registered title the details of your ownership will be held by the Land Registry with a Title Number. It is possible to execute a search at the Land Registry, locate your house and obtain up to date copies of the Registered Entries for less than a fiver. Where the property is Leasehold then the Land Registry will also normally retain a file duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
How does conveyancing in Morpeth differ for new build properties?
Most buyers of new build residence in Morpeth approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is completed. This is because house builders in Morpeth typically purchase 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 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 used to new build conveyancing in Morpeth or who has acted in the same development.