Do you work with mortgage lenders with Highnam branches?
The Homeward Legal partnership work with all the major lenders financing buyers in Highnam. Local mortgage lenders and brokers include Cheltenham Mortgages, 12 Rodney Rd, Cheltenham, GL50 1JJ, Wenban A K, 14 Dyer Street, Cirencester, GL7 2PF, and Mortgage Warehouse, 18 Armada Close, Churchdown, Gloucester, GL3 1ND.
An unexpected event dictate that we have to exchange on the sale of a share of freehold flat within 4 weeks, do Homeward Legal use fast Highnam conveyancers ?
Our company have a very proactive plan of attack to completing the conveyancing process for movers. Our company method is different as we use the very latest practice management systems . Crucially we always allocate you a conveyancing solicitor incentivised to communicate through all parts of the buyer and seller chain .
Do we need a chancel search if I am intending to buy in the parish of Norton?
A solicitor responsible for your move might recommend a chancel search. Chancel repair has the potential to be charged on the owners of a home where church councils have not imposed the same liability on the last owners. It is not safe to rely on the historical behaviour of the parish council alone as a guide.
What specific things do I need to look out for if I’m buying a house on the coast?
With worsening weather and floods now becoming increasingly commonplace, with the media remarking on it in depth, buying a property that has a likelihood of flooding is a difficult decision to make. Not only is there the issue of cleaning up if it does flood, but insurance premiums will be much higher (and perhaps even prohibitive).
For homes in coastal areas, there is also the problem of coastal erosion, where some properties have been seen to literally fall into the sea.
However, the good news is that picking a home in a coastal region doesn’t automatically mean that it’s going to be subject to flooding or that it’s eventually going to slip into the sea. The searches ordered by your conveyancing solicitor will identify the level of risk associated with the property and, based on this, your solicitor may recommend that you take out specialist reports (e.g. from Landmark or other organisations) to get a more in-depth description of the risks and options. These are in addition to the standard set and will be charged to you as a disbursement at cost.
Your surveyor will also be able to identify evidence of previous floods and other problems during their inspection and provide advice in their report. If the problems are considered sufficiently severe, the surveyor may also note the specifics for further investigation by your conveyancing solicitor.
What type of searches regarding the potential risk of local flooding in the Gloucestershire region will my property solicitor in Highnam actually carry out?
An important component in the legal due diligence process involves the lawyer carrying out property environmental searches that set out some details about the potential Highnam flooding. A significantly more detailed conveyancing search, such as the Homecheck search, may be advised by a qualified Highnam conveyancing solicitor if in the event that the enviro. search show that there is a flood risk.
I am going to a property auction and will need to guarantee fast conveyancing, what do we need to guarantee?
As is often reported, a faster move is key to instruct a proactive and experienced solicitor. There are numerous things you as the buyer can also do to accelerate the legal work, such as, requesting status updates from the solicitor regularly, completing all forms as soon as possible and if you intend to get a house survey, doing so as early as you can.
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.