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Find a Godmanchester Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Godmanchester? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Godmanchester conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Godmanchester

I have given 2 months notice to my current landlord and must leave my let out property in Godmanchester by the end of next month. Conveyancing for my house purchase has just started. How realistic is it to complete in three weeks as don't want to have to find temporary accommodation?

Generally one should not provide notice for your lease until exchange of contracts has taken place. Assuming that you have not already done so, speak to your conveyancer and ask them to they seek the assistance the owners solicitors, try to an acceptable time-line that all parties will look towards

My bid for a property was accepted at auction in Godmanchester. Conveyancing is needed. What is next?

Now that you are legally bound yourself to purchase you should choose a conveyancing solicitor quickly as you are faced with a tight deadline in which to complete the transaction. Every auction property will have an associated legal pack. This will include most,if not all of the paperwork that your conveyancer will need. Where you are dealing with leasehold premises the legal papers should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to leasehold premises. You need to pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are organised to complete on the date specified in the contract.

A colleague informed me that in purchasing a property in Godmanchester there may be various restrictions prohibiting external alterations to the property. Is this right?

There are anumerous of properties in Godmanchester which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Godmanchester should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

My wife and I are in the throws of viewing apartments in Godmanchester and I am about to put in an offer. Is it too early to have a solicitor in place? I will be getting a mortgage with Bank of Ireland.

You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. Given that you are obtaining a mortgage with Bank of Ireland, make sure you remember to check that your lawyer is on the Bank of Ireland conveyancing panel.

A friend suggested that if I am purchasing in Godmanchester I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is occasionally included in the estimate for your Godmanchester conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Godmanchester around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Godmanchester Education with plans and statistics, Local Amenities and other useful data about Godmanchester.

About to purchase a new build apartment in Godmanchester. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Godmanchester

    The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Please confirm the Lease plans are surveyor prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.

Fiveweeks into buying a residence in Godmanchester. Conveyancing lawyer has called to say the title is "Leasehold". Does this adversely affect our HSBC valuation?

Godmanchester conveyancing does not normally involve leasehold houses. The crucial factor here is the unexpired lease term and the ground rent. If there are hundred of years years remaining with a nominal rent, it's essentially freehold, so it shouldn't impact the marketability too much.

At the other extreme, if it's, say, fifty five years it is bound to have a adverse impact on the saleability, and probably wouldn't be mortgageable. The remaining lease term and ground rent will be specified in the lease which should be made available to your lawyer.

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