How do we avoid paying out for stamp duty land tax?
Stamp Duty Land Tax (SDLT) must be paid for purchases valued at over £125,000. Stamp duty reduction scheme should not be considered when purchasing in Bowes Park. These schemes are expensive and HMRC may challenge a scheme up to six years later.
Is there a benefit to going to auction over a standard estate agent sale?
The majority of homes sold via an estate agent will be in a reasonable condition and usually modernised, whereas auction properties will often require a lot of modernisation or structural work before it can be lived in. That’s not to say you can’t use either for your sale, of course, irrespective of the state of the property.
Whichever option you choose, you should line up a focused, proactive solicitor on a fixed-fee agreement protected by a ‘No Completion, No Fee’ guarantee. You should appoint them as early as possible, too, so that the conveyancing work can start immediately – this is particularly important for auctions, as there is usually a four-week completion stipulation on its sale.
At Homeward Legal, we offer you’re the best quality service on all types of sale and purchase, including auctions, for competitively low fees protected by our 'No Completion, No Fee' guarantee. Try our online quote calculator or call our team on 0800 038 6699.
Does your company look after the conveyancing for auction properties in Bowes Park?
Our firm is used to working with residential property auction conveyancing. It is not unusual for more complicated to convey homes such as development propositions are bought at auction which tend to demand increased review before completing. Homeward Legal therefore advise purchasers to formally instruct a residential property conveyancing lawyer before the auction to allow for a thorough review of the documents. Following the property auction date your instructed conveyancing lawyer is absolutely prepared for speedily concluding the legal work within a as tight time frame as required .
Does my Bowes Park lawyer carry out any searches on the London forties terraced property I am intending to purchase?
When taking out a mortgage, your lender requires you to a specified set of searches, including the following Local Authority, Drainage and Water Search (CON29DW or personal) and Environment Search, and, depending on certain criteria, specific local Bowes Park searches, which may include a Chancel Check.
In about four weeks we are anticipating to be moving out of our terraced property in Bowes Park to our next flat in Harringay . At what stage to select a removals firm?
The most sensible course of action is to wait before instructing removals until the point where both sides have accepted by both parties a formal home moving date that as a rule takes place following shortly after when exchange of contracts.
Often home removals companies will impose a rearrangement premium
Local information can be sought from Safe Removals, 7 Millstream Close, London, N13 6EF Tel: 020 8888 3917 or J & K Removals, 52 Upsdell Av, London, N13 6JN Call: 020 8881 2662.
What do I provide to the solicitor on my house sale?
The list of documents required is quite simple, but will be required at different stages of the process (but ideally any forms should be completed and returned on the day of receipt and preferably delivered by hand or email).
- Proof of id
- Title deeds (if you have them; they might be lodged with the solicitor who handled the purchase of the property you are selling, or the mortgage company)
- Fixtures and Fittings Form (TA10)
- Property Information Form (TA6) – information on boundaries, disputes and complaints with neighbours, notices and proposals, alterations and planning consents, building regulations, electricity and gas certificates, guarantees and warranties, insurance, environmental matters affecting the property, rights and informal arrangements, parking, other charges, services, connection to utilities and services, and transaction information
- Copies of documents referenced in the PIF
- Leasehold or shared freehold documents
- Management Information Pack
- Energy Performance Certificate
Providing all this documentation as quickly as possible, as well as responding to arising questions throughout the conveyancing within a couple of hours will help to speed the conclusion of your transaction up considerably.