Residential Property

Buying and selling residential property has been a core part of our work for over 225 years.  Because of our history, we understand the housing market in the West Country and can provide buyers and sellers with a high-quality conveyancing service, ensuring no ‘surprises’ turn up in the property in the future.

Why invest in a conveyancing solicitor?

We know that purchasers and vendors have a choice of a wide variety of low-cost conveyancing law providers.  But given that your home is the most expensive purchase you will ever make, it is worth instructing an experienced conveyancer to manage the legal aspect of the sale and purchase for you.

Our conveyancing law team will ensure:

• You meet with our conveyancing team and have direct dial and email contact with them
• All aspects of the property and title are thoroughly checked
• The sale and purchase agreement is meticulously drafted and negotiated
• Adequate procedures are in place to protect your funds from online conveyancing fraud

Nalders Solicitors holds a Lexcel accreditation and Conveyancing Quality accreditation from the Law Society of England and Wales.

Here to help

We have offices in eight convenient locations around Cornwall; two in Truro, St Austell, Falmouth, Newquay, Camborne, Helston and Penzance.  Not only do we have a deep knowledge of the local area, our conveyancing team have long-term relationships with surveyors, developers and lenders, all of whom we can recommend to you if required.

Our residential conveyancing team has a strong reputation for providing excellent service at good value for money.  By engaging us, you can trust that the purchase and/or sale of your home goes through smoothly.

To find out more about how we can advise on buying and selling residential property, please fill in our contact form, or visit our Contact Page to find the Nalders office which is most convenient to you.

At Nalders Solicitors, our residential property team will assist you with all legal matters related to purchasing new build homes.

Specific legal checks applicable to a new build property

Purchasing a brand-new home is exciting, especially if you have had some say in the design of the property.  Let us ensure your new build does not turn from a dream into a nightmare by ensuring the correct conveyancing law checks are made from the outset. There are a number of checks an experienced conveyancer knows must be made on a new build property.  Failure to do so could result in costly disputes between the buyer and developer or worse, the home to drop in value.

Examples of these checks include:

• Planning permission was granted to the developer and any conditions attached have been followed
• Any easements and rights of way applicable to the property have been documented on the title
• The property is covered by the right type of insurance
• The home has been constructed in accordance with the standard required by relevant Buildmark warranty, building control and environmental regulations
• There are appropriate guarantees for the structure of the home and latent defects

These checks are in addition to the normal checks a conveyancer will make on behalf of a purchaser.

Why choose us?

We have offices in eight convenient locations around Cornwall; Truro (where we have two offices), St Austell, Falmouth, Newquay, Camborne, Helston and Penzance.  Not only do we have extensive knowledge of the local area, we hold both Lexcel accreditation and Conveyancing Quality accreditation from the Law Society of England and Wales.

Our conveyancing team takes the long-term interests of new build home buyers seriously.  We have clear strategies in place to ensure your best interests are protected and any potential problems with the structure or title of the property are spotted immediately and rectified before you commit to your purchase.

To find out more about how we can advise on buying a new build property, please fill in our contact form, or visit our Contact Page to find the Nalders office which is most convenient to you alternatively please email newbuild@nalders.co.uk.

If you wish to remortgage, our conveyancing law team can advise you on the legal implications of your decision and work with lenders to ensure the process goes through quickly and correctly.

Why remortgage?

People choose to remortgage for several reasons, the most common being the to secure a lower rate of interest once their existing mortgage term expires.  Banks are now required by law to scrutinise the finances of new applicants closely, therefore the application process takes longer than it did several years ago.

We will advise you on all aspects of the remortgaging process from when we are instructed through to completion and post-completion formalities.

We have offices in eight convenient locations around Cornwall; two in Truro, St Austell, Falmouth, Newquay, Camborne, Helston and Penzance.  Not only do we have a deep knowledge of the local area, we hold both a Lexcel accreditation and Conveyancing Quality accreditation from the Law Society of England and Wales.

To find out more about how we can advise on remortgages, please fill in our contact form, or visit our Contact Page to find the Nalders office which is most convenient to you.

Let us help you celebrate buying your first home.  Our conveyancing team understands what an exciting time this is for you.  We will ensure that your first-home purchase runs smoothly, explaining the process to you every step of the way and giving you the confidence that the right checks have been made on the title, property and mortgage.

Why choose us?

We are one of Cornwall’s largest law firms and have been providing legal advice to individuals, families and businesses for over 225 years.  When you instruct us, you will benefit from:

• the reassurance of having your interest protected by one of Cornwall’s largest law firms.
• A conveyancing team that is partner-led, who offer a wealth of experience and local knowledge.
• you will be kept up to date throughout the transaction by email, telephone, in writing and if required, in person.
• we are a progressive law firm and in accordance with your instruction, we will aim to complete your transaction as quickly as possible.

With you for life

For many people, the first time they see a solicitor is upon the purchase of their first home.  We strive to develop long-term relationships with our clients; many of them have used our services for generations.  From creating a Will to helping you launch a family business to investing in buy-to-let properties, our solicitors can assist you from the cradle to the grave.

To find out more about how we can advise on buying your first home, please fill in our contact form, or visit our Contact Page to find the Nalders office which is most convenient to you.

If you require legal advice on transferring all or part of the equity in your home, our conveyancing law team can manage the process for you quickly and cost-effectively.  We hold both a Lexcel accreditation and Conveyancing Quality accreditation, providing clients with the confidence that our conveyancing law work meets the high standards set by the Law Society of England and Wales.

What is a transfer of equity?

A person may wish to transfer all or part of the equity in their home for the following reasons:

• They wish to put their spouse or cohabiting partner’s name on the title
• They are getting divorced and one party is buying the other’s share of the property
• For tax-planning purposes

Whatever your reason, we will provide you with practical advice and make the process simple and quick.

Factors to consider when transferring equity

If there is a mortgage on the property, the lender’s permission will need to be sought before the transfer of equity can take place.  We will ensure the person to whom the equity is being transferred also has their name added to the mortgage document.

If the property is leasehold, if required under the lease, we will need to obtain consent from the landlord or their agent to the transfer of equity.

You may also need to pay stamp duty on the transaction in some circumstances.

With offices in eight convenient locations throughout Cornwall, our local solicitors will ensure your transfer of equity is handled with care, diligence and speed.

To find out more about how we can advise on transferring the equity in your property, please fill in our contact form, or visit our Contact Page to find the Nalders office which is most convenient to you.

‘Equity release’ is the collective name given to a range of products which allow you to gain access to cash tied up in your home if you are between 55 and 85. However you are permitted to remain in your home and do not have to sell up to get your hands on the funds. You may be able to choose to either take the money as a lump sum or draw it down as and when you need it.

Equity release is designed to help older consumers who are already mortgage-free or have relatively small mortgages left. The intention is that they release the money knowing that it is not likely to be paid back by them in their lifetime and that the amount released to them will most likely be repaid from their estate when they die.

The most popular form of equity release is the ‘lifetime mortgage’. This is where you take out a mortgage against the home but retain legal ownership of it. You can make repayments or simply allow the interest to accumulate unpaid against the mortgage – this is what most people do. The mortgage plus the interest is paid back when you die (or if you are part of a couple when the second person dies) or move into long-term care. You can choose to ring-fence some of the value of your property as an inheritance for your family.

There is also the ‘home reversion’ form of equity release where you sell part or all of your home in return for a lump sum or regular payments. In this case, you will lose the legal ownership of some or all of your home but you will be provided with the right to continue living in the property until you die, rent free. At the end of the plan your property is sold and the sale proceeds are shared according to the proportions of ownership.

We cannot advise you on whether equity release is the right option for you. There are also lots of different products on the market and we cannot say which would suit you best. However both types of plan are regulated by the Financial Conduct Authority and a financial advisor will be able to talk you through the various pros and cons. Once you are ready to go ahead, Nalders can provide a quality and competitively priced legal service to ensure that the legal arrangements go through smoothly and you have access to the cash quickly.

Give us a call today to discuss further.