What does 'gazumping' really mean?
The convention of rejecting a previously accepted offer once another buyer makes a bigger offer is called gazumping. The chance of getting gazumped is present in any transaction. Instructing a conveyancing solicitor as soon as you can is a key first step to reducing this risk.
Why is it silly to buy a leasehold with less than 99 years to run?
In large part, if a leasehold drops below 90 years, it’s because mortgage companies will not be willing to lend money to purchase the leasehold. They will almost certainly have a stipulation on the length of the leasehold as part of their criteria for lending.
Most buyers are very aware of this and the trend is for an insistence of the sellers to provide an extension back up to the 99-year or 125-year thresholds before considering its purchase. Otherwise, even if you can finance it, eventually you’ll have to consider the legal cost of extending the lease yourself.
What can be done about trees with TPOs if they are cutting out the light into the house?
Tree Preservation Orders (or TPOs) are legal protections for individual trees, which means you are prohibited from pruning, cutting or removing the plant without the formal consent of the local authority. There are certain caveats such as whether it is causing an immediate danger to life, but the local authority will still need to be informed.
As a homeowner, you have a number of rights, including Right to Light: that is, you should expect natural daylight to enter your property through windows without being blocked (again there may be caveats which will be unearthed in the conveyancing). If a tree with a TPO has grown so much that it is blocking out light, you can apply to the local authority for permission to prune the tree sufficiently to return your Right to Light. It becomes more complex if the tree in question is on a neighbour’s property, and you should discuss any resulting costs with them.
Homeward Legal's solicitors have years of experience in dealing with all sorts of legal issues including TPOs, providing you with practical guidance and help. We are best placed to help you with your move, so call our team on 0800 038 6699 today.
Is your solicitor team able to move quickly on the conveyancing for residential property auction properties in Glossop?
All of our property conveyancers commonly work for bidders at auction. We often recommend bidders to appoint an auction experienced conveyancing lawyer in advance of the date of the auction to allow time for a detailed investigation of the property's legal title.
Immediately following the property auction date your appointed lawyer will be focused on completing the transaction in the limited time frame as typically required .
Do we need to select a property solicitor used by my local agent?
It is commonplace for estate agents to recommend a solicitors firm, however, such referrals must be compared with other local solicitors, or better-value firms found online, as there is a risk that the agent may suggest the firm which pays to the largest referral fee, not the most appropriate choice.