Find a Lender-Approved Local Conveyancer in Redruth

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Redruth Conveyancing Statistics*

  • 1 91% freehold and 9% leasehold conveyancing in Redruth for this year to date
  • 2 Percentage of cases in Redruth that are buy to let is 19%
  • 3 August was the busiest month and September was the next busiest month while May was the least busiest month of the year for conveyancing in Redruth
  • 4 Average time frame of 71 days for registration of title in Redruth
  • 5 Average time from start to completion was 84 days for conveyancing in Redruth

Examples of recent conveyancing in Redruth since February 2024*

Recently asked questions about conveyancing in Redruth

I purchased a freehold premises in Redruth but nevertheless invoiced for rent, why is this and what is this?

It is rare for properties in Redruth and has limited impact for conveyancing in Redruth 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 date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.

Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.

Is it the case that all Redruth conveyancing solicitors on the RBS conveyancing panel are overseen by the SRA?

As a firm of solicitors, in order to be on the RBS approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Some mortgage companies do permit licenced conveyancers on their panel and in that case the firms would be regulated by the Council of Licensed Conveyancers.

We have agreed to purchase a house in Redruth. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Lloyds be concerned?

As you are obtaining a mortgage with Lloyds your lawyer must follow the formal instructions contained in Part 2 of UK Finance Lenders’ Handbook for Lloyds. The Council of Mortgage Lenders’ Handbook includes minimum provisions for solar panel roof-space leases, and solicitors are required to report to Lloyds where a lease fails to satisfy these specifications. The provisions relate to the installation of panels on properties nationwide and is not limited to Redruth.

I'm in the process of looking at apartments in Redruth and I am about to put in an offer. Should I already have a property lawyer appointed at this point? I will be getting a home loan with Coventry BS.

It would be wise to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. Given that you are seeking a mortgage with Coventry BS, make sure you remember to check that your lawyer is on the Coventry BS conveyancing panel.

I have been told that property searches are the number one cause of obstruction in Redruth house deals. Is that correct?

The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Redruth.

Are there restrictive covenants that are commonly identified during conveyancing in Redruth?

Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Redruth. 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…’

I'm buying my first flat in Redruth with a mortgage from Halifax. The builders would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not disclose to my conveyancer about this deal as it will put at risk my loan with the lender. Is this normal?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

What is the difference between surveying and conveyancing in Redruth?

Conveyancing - in Redruth or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the purchase price down or asking the vendor to remedy the defects prior to you complete your move.

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Commercial Conveyancing solicitors in Redruth regulated by the SRA

The firms listed below are a small selection of solicitors in Redruth practicing in commercial conveyancing in Redruth. This should include advice on granting a lease to a commercial tenant
  • Thurstan Hoskin Solicitors, Chynoweth, Chapel Street, Redruth, Cornwall, TR15 2BY
  • Grylls And Paige, Bank House, West End, Redruth, Cornwall, TR15 2SD

Residential Licensed Conveyancers in Redruth regulated by the CLC

Please note that the listed conveyancers do not limit their work for conveyancing in Redruth but also conveyancing across England and Wales.
  • Sue Ferguson Licensed Conveyancers, 87/88 Fore Street, TR15 2BP

Typically, Redruth conveyancing for a purchase has some of the following tasks

  • Obtaining instructions from parties involved
  • Examining the title unregistered or registered
  • Carrying out Redruth property searches for the property
  • Reviewing draft contract and other papers received from the vendor’s solicitor
  • Raising enquiries with the owner’s solicitor
  • Negotiating the purchase contract
  • Reviewing replies supplied by the vendor to pre-exchange enquiries
  • Agreeing the wording for the Transfer Deed for completion
  • Advising the buyer in respect of the mortgage offer: (if applicable)
  • Preparing and sending the buyer a report on title (that is; a breakdown of all findings on the property)
  • Carrying out the key stage of exchanging contracts and then completion formalities
  • Preparing and submitting to HMRC the correct Land Tax forms and payment
  • Registering the purchase and the home loan (where appropriate) at the HM Land Registry.

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.