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Conveyancing in Aintree Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 19/05/18

Thinking of moving to the area? Helpful regional transport and services facts and figures ;

Aintree's closest airport is Liverpool John Lennon Airport (10 miles). Blackpool International Airport is 22 miles, Howarden Airport is 22 miles and Eccles Airport is 23 miles away and Aintree's nearest station is Fazakerley at 1 mile s.

Commuters are well served with Aintree being well placed with very convenient road access very close at roughly 1m of the M57 Junction 7 Southbound.

Fazakerley Liverpool is the nearest hospital to Aintree.

Q.

Can you confirm your cheapest fee for a £641,000 home? I need an affordable conveyancing estimate.

A.

The confusion over what is, and is not, included in a 'cheap' quote leaves many buyers paying out more than they anticipated in the end. Many property lawyers purport to offer supposedly cheap conveyancing quotes, but additional fees are frequently hidden in the solicitor's terms of engagement. This small print is often not read by buyers in a hurry. Fees should be clearly defined.

Q.

Does your firm specialise the legal conveyancing of property auction properties in Aintree?

A.

Our company is very capable working with buyers and sellers at auction. It is not uncommon for more complicated to convey properties are listed in property auctions which tend to necessitate extra fact-finding prior to exchange. We therefore strongly recommend that buyers formally instruct the lawyer in advance of the property auction for a full review of the sellers pack. Post property auction date your lawyer is totally able to concentrate on quickly finishing the legal work inside a as tight time frame as conventionally required .

Q.

We need to complete this purchase as soon as possible, how can we organise fast legal work in Aintree?

A.

Contacting a proactive, diligent solicitor is essential to a fast conveyancing transaction. There are a number of tasks you, as the buyer, can also do. These include:

  • calling or emailing the solicitor, and chase them if you suspect any delays
  • answering any queries raised by the solicitor as soon as possible
  • clarifying your mortgage lender's requirements

Q.

Aintree conveyancing solicitors conduct standard property conveyancing searches if acting for a purchase client, but which actual ones?

A.

When getting a mortgage the mortgage lender will expect a solicitor to get at least these searches - Local Authority Search, Drainage and Water Search (CON29DW or personal) and Environmental, and possibly unique particular e.g. a Commons Registration Search.

Q.

What sort of local environmental searches into the potential risk of floods in the Merseyside area will the Aintree property solicitor carry out?

A.

An essential component in the conveyancing protocol of purchasing a property involves a conveyancer making an application for conveyancing and environmental searches that give detail on the subject of the local Aintree flood risk. In addition a conveyancer in Aintree may possibly propose a more involved (e.g. Landmark) detailed local Aintree area search.

Q.

Is gazumping common practice in Aintree?

A.

This happens when a home owner accepts the 1st buyer's offer, only to reject it, opting for a better offer. This may happen weeks into a transaction. Though being gazumped is uncommon when property prices are falling, there is still a risk. Instructing a solicitor early, and even before acceptance of an offer to handle your transaction should help to reduce the likelihood of gazumping.

Q.

How much will searches cost?

A.

The cost of Aintree conveyancing searches varies noticeably, and will be dependent on your lender's requirements. Searches are disbursements paid to a third party.

Q.

I am completing next March. What will be calculated for Stamp Duty Land Tax?

A.

Stamp Duty is calculated with reference to the valuation. It is £0 on a £94000 property.*

*(Source - www.gov.uk, November 2012)