Gedye and Sons

SOLICITORS FROM THE CITY TO THE COUNTRY

London

020 3427 5078
infoOB@gedye.co.uk

The Lakes

01539 532313
info@gedye.co.uk

Monday 25th September 2017

Buying a newly built home

Once you have found that special place that you love; maybe its ideal for work / has that outside space you have been craving/ has room for a home office. Then the real fun begins!

Many think that buying a new home will be simple and that being newly built,it will be problem free. Why would you need a survey when its a brand new property?

Your new property will either be a new building plot carved out of an existing property , a conversion of an older building such as a warehouse or factory or it could be green field site.
In all cases You need to be sure that your new home will benefit from all the rights it needs for you to enjoy it properly; rights of way over paths and roads, shared drainage, shared gardens or bike and bin stores.

Are the roads drains pipes and other service connections constructed to the latest standards and will they be adopted by the local authority once the development is completed? What security is there for you (and your lender) if the builder fails to do the work to make it up to standard or if the builder goes out of business before it is all finished?

Are there covenants (legal promises) in place to stop your new neighbours acting noisily or doing things in their property that affect you detrimentally?

Is there a suitable building guarantee to ensure that if anything with the construction proves defective and needs correcting, it is covered ?

You will have the general idea by now, but its true to say that property transactions rarely follow the expected route. All manner of unexpected issues can arise.

You can’t be expected to know what to look for. You need your hand holding through the process. Having someone whom you can talk to about the process, about your mortgage offer or about your personal needs can be a big help.

Many firms offering a conveyancing service will do so on a need to know basis and will be unwilling to provide a hand holding service because they are heavily costs conscious. They will often be referred work by estate agents whose main interest is seeing the sale complete so that they are paid, and who may be paid to refer your work to lawyers on their panel.

Our practice is not one which operates by referrals.  We do not limit the contact you have with us because our aim is not to treat your purchase as a one off transaction, we aim to be your trusted advisor going forward through life. We always try our very best to keep our clients fully informed of progress or the lack of it and offer advice on what your options are.

Conveyancing is often sold as an afterthought through agents, but it is the key element of the process. You need a champion to see you through the often very complex process.

We work as a team. If someone is ill or on holiday, the rest of the team will still be there. We try to be as open and helpful as we can whilst still telling you of all the risks and problems you may be facing.

We may not be your cheapest option but do you really want to risk such an important purchase? We are not expensive, but we charge a reasonable fee for our work.
If unusual aspects or problems arise, we always endeavour to be fair.

Please see our other articles upon off plan purchasing and contract reassignment.

All news & events

Buying a newly built home

Once you have found that special place that you love; maybe its ideal for work / has that outside space you have been craving/ has room for a home office. Then the real fun begins!

Buying a new home off plan

It is common practice for developers to offer some or even all of the units on a development for sale long before construction work has finished. It can significantly reduce their borrowing costs but how does it affect you as a buyer?

Things to consider when buying a contract reassignment

I wrote an article a couple of years ago about off plan re- assignments and the interest generated since has prompted me to update that article and add some of the points that have come to light on transactions since.

The Law Society propose ‘single test’ to diminish stamp duty fears

Clear instructions to your solicitor/conveyancer on any property purchase is crucial and even more so now following the Stamp Duty Land Tax (SLDT) changes which come into force from 1 April 2016.

Mum, Dad, will you help me with my deposit please?

Buying your first property can be an exciting time, but it is also a huge investment. Most buyers will have saved hard for years on end just to fund their deposit

Buying an off plan re-sale apartment

Mark Jones, Director and Head of our Conveyancing department considers the risk to the unwary buyer.

Success for Solicitor who achieves Associate Membership of ACTAPS

We are very pleased to announce that Justin Roberts, Litigation Solicitor at Gedye & Sons has been accepted as an Associate Member of The Association of Contentious Trust and Probate Specialists (ACTAPS).

Gedye & Sons support “Will to Remember” Scheme

Alzheimer’s Society newest scheme ‘Will to Remember’ launched on Tuesday 27th May 2014 in the North West (Cumbria, Lancashire, Greater Manchester, Merseyside and Cheshire) in partnership with Solicitors for the Elderly.

Purchasing off plan re-sales presents challenges

Mark Jones as Head of our conveyancing department considers the potential risks of this increasingly popular phenomena.

FATCA legislation in operation by autumn 2014

Trusts, Trustees, Financial Institutions and Solicitors need to consider the new legislation. In this article Richard Roberts, Mark Jones and Sarah Murphy look at what it means and who it affects.

Blackwell House “Art Fund” evening

Gedye and Sons in association with Art Fund Cumbria are delighted to announce a reception and drinks evening at Blackwell House on Thursday 5th June 2014 from 5.30pm.

Gedye & Sons awarded with WIQS Accreditation.

Grange over Sands and Old Bailey based Gedye & Sons becomes one of the first twenty firms nationwide to obtain the Law Society’s new Wills and Inheritance Quality Scheme accreditation.

Historic Grange poster acquired by firm

Art lover and Gedye & Sons director Richard Roberts acquires historic LMS poster of Grange over Sands from Christie’s auction held in London.

Gedye & Sons Awarded WIQS Accreditation

The much published scheme which demonstrates an excellence in their field has seen the Law Society accredit the first group of law firms to its new Wills and Inheritance Quality Scheme (WIQS)

Richard Robert’s radio interview

Thursday 17th January 2012 saw Richard Roberts present a lecture at Clarke Willmott LLP in Bristol. This was as part of an evening sponsored by them for the Halycon network. Halycon is a professional network for the LGBT community.