To complete on our property purchase ASAP, can we guarantee fast conveyancing?
Instructing a experienced lawyer is crucial to a faster move. Furthermore, there are several tasks you as the buyer can also do to get moving sooner, such as, keeping in regular contact with the lawyer, quickly answering your lawyer's questions and organising your finances.
My wife and I are purchasing in Bourne. Can I check that the property is in a designated conservation area?
The areas in or near Bourne include numerous conservation areas. The council will provide more details about local conservation areas, and the lawyer handling your purchase address the consequences of purchasing property in a conservation area.
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.
What will a Bourne conveyancing lawyer advise if the house we hope to invest in is inside the boundary of a South Kesteven local authority conservation area which has unlawful PVC windows fitted to it?
South Kesteven local authority Requisition for search and Official Certificate of Search conducted by a solicitor in the process of the conveyancing will determine whether the Bourne property a conservation area proof of consent for additions to the property will be supplied. In the absence of any the necessary permissions, your solicitor will recommend the options, which include seeking from the planning authority or purchasing an indemnity insurance policy.
Do we need a building survey?
It is advised that home buyers book a home buyer survey. It is a fact that there are a range of defects that affect a property. These include unsafe chimney circulation and insect infestation. Such issues will not be considered during the conveyancing work itself.