Buying a high value home often involves more than simply agreeing on a price. Our clients need certainty, discretion and expert guidance through a process that can be complex and time sensitive. This case study highlights how we supported a computing expert in securing a substantial period property in one of Cambridge’s most prestigious neighbourhoods, while navigating probate issues, conservation area requirements and off-market negotiations to achieve a smooth and successful completion.
The challenge
We were introduced to a prospective buyer, a successful client with a background in technology, who was seeking to purchase a substantial family home in one of the most desirable parts of Cambridge. The property was agreed upon ‘off market’, a common approach for transactions of this nature, meaning it never appeared on the open market or property websites such as Rightmove.
The property was a large, period house set within generous landscaped gardens, and its location within a conservation area added further significance. The local authority has a duty to protect the character of such areas, and it was important to ensure our client understood how this might affect future plans for the home.
At the time the sale was agreed for upwards of £2m, the sellers were still in the process of obtaining a grant of probate following the death of the former owner. This added complexity to the transaction. However, both parties were motivated to move matters forward quickly and agreed that contracts would be exchanged early, with an extended completion date to provide certainty for all parties.
Our response
Our role was to guide the client through the legal process and work collaboratively with the seller’s solicitors to keep the deal on track. We addressed several technical issues promptly and proactively, so that nothing delayed the transaction unnecessarily. This required careful negotiation and clear communication, ensuring that both sides remained confident that completion would take place as planned.
The outcome
A few months later, legal completion took place smoothly, and our client received the keys to their new home. With the transaction finalised, they were able to press ahead with their plans to put their own stamp on the property.
Giving you the full picture
If you’d like to speak to one of our property specialists for advice tailored to your circumstances, get in touch for a confidential, no obligation chat.
