I have decided to exercise my right to buy my property in Gamlingay off the council. I have a mortgage agreed with Principality. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Principality, you will need to appoint a solicitor on the Principality conveyancing panel.
I recently had an offer agreed on a house in Gamlingay. My financial adviser pressured me to appoint their lawyer. I paid an upfront payment of £150. Soon after, the property lawyer contacted me to say that they were not on the Yorkshire BS 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 Yorkshire BS 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.
RBS have agreed my home loan in principle, my bid on a flat in Gamlingay has been accepted, now what?
The property agent will need to be informed of your conveyancer's details (make sure the lawyers are on the lender’s approved list). Contact RBS or the broker and complete any outstanding forms. RBS will sellect a valuer who will get in contact with the estate agent or vendor to book a time for the valuation to occur. Once conducted (assuming no problems) it takes on average a week to receive the mortgage offer. RBS will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Gamlingay.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when purchasing a property in Gamlingay?
Unless a prior acquisition of the house completed after 12 October 2013 you can expect lawyers conducting conveyancing in Gamlingay to remain recommending a chancel search and or insurance against a claim.
I have been on the look out for a ground for flat up to £195,000 and identified one near me in Gamlingay I like with a park and railway links nearby, however it's only got 49 remaining years left on the lease. There is not much else in Gamlingay in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan the shortness of the lease will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
In what way does the Landlord & Tenant Act 1954 affect my business offices in Gamlingay and how can your lawyers assist?
The 1954 Act gives a safeguard to commercial leaseholders, giving them the a statutory right to make a request to court for a renewal lease and remain in occupation at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Gamlingay
I am using a search engine for the words cheap conveyancing in Gamlingay it brings up numerous property lawyersin the vicinity. How do I determine which is the right property lawyer for purchase transaction?
The preferential method of seeking the right conveyancer is through a trusted recommendation, so seek the counsel of colleagues and relatives who have bought a property in Gamlingay or the local estate agent or mortgage broker. Charges for conveyancing in Gamlingay vary, so it's a good idea to secure at least four fee estimates from varying types of property lawyers. Make sure that you clarify what costs in the quote includes.