How many weeks should I expect it to take for our conveyancing solicitor to conclude all of the legal process on a terraced new build house we are thinking of buying?
Completion can take anywhere from 1 month to 3 months, which can depend on any number of factors such as the speed of the vendor's conveyancer, or the speed of other lawyers in the chain. Our conveyancing solicitors are extremely focused on communication completing the process as soon as realistically possible.
We are buying on a Boldon brownfield site. Is the topsoil potentially contaminated by waste minerals like barium?
Regulations have been passed to control pollution, waste, water and chemical contamination. Environment search results will factor contaminants, including metals and others such as groundwater contamination.
Should we get a Homebuyer Report for this Boldon home purchase?
The Royal Institution of Chartered Surveyors firmly recommend that you book a property survey. There are a range of problems that affect a property, that will not be addressed during the conveyancing process, such as roof damage.
If you are buying near an ecclesiastical parish in Boldon, will I need a chancel search?
In Boldon, where land was once owned by a lay rectors, new owners of that property may be obliged to pay for maintenance of a church in the area. A chancel search is used to confirm whether such a liability exists. Liability is more common in some parts of the country. Church of England properties in the local area which may give rise to chancel liability include St Nicholas.
What local factors can contaminate land in Boldon. Are these checked for thoroughly?
Residential property may have been contaminated by a wide range of natural causes, and an environmental search will reveal the extent to which a property may be affected by contaminants in Boldon such as masts or pylons.
Is there a checklist for buyers or sellers helping to decide what’s most important?
The process of buying and selling is a complex one, so it’s helpful for your research to have checklists to ensure nothing is forgotten. There are several online resources with checklists for individual aspects of the moving process, including what to consider as a first-time buyer, help to buy schemes, removals, speeding up conveyancing and so on.
When it comes to deciding what you want for your new home to help you narrow down the choice of locations and types of property available, this is largely down to personal choice, so a standardised checklist might limit your requirements. You can talk to an estate agent about what you want as they will have the experience to narrow down your options. However, you need to consider the size of the property (number of rooms, bathroom facilities, bedrooms, etc.), size of garden, proximity to public transport links, noise, entertainment options (e.g. cinema, pub, eateries, etc.), access to off-road parking, schools, speed of broadband, and so on. Consider making a list of what the property must have and an associated wish list so that likely compromises can be made.
Can you state how I circumvent paying for stamp duty to HM Revenue?
Stamp Duty Land Tax is usually payable on home purchases over one hundred and twenty-five thousand pounds. Stamp duty reduction scheme should not be considered when purchasing in Boldon, as such schemes are costly and often likely to fail.