Conveyancing In Brading Q & A's
Who do I give the appliance warranties to if they are being left at the property I’m selling?
If you are leaving what is generally termed ‘white goods’ at the property you are selling, which are still in warranty, the documentation should be given to your solicitor so that any warranties can be given to the buyer’s solicitor as part of the contract.
Note that, should you be leaving any electrical (or other) items at the property, this should be made clear on the Fixtures and Fittings Form (TA10) and agreed as early as possible between you and the buyers, particularly if you want financial recompense in so doing.
What can a Brading property lawyer advise if the house we hope to purchase is in a conservation are in Isle of Wight council which has unlawful PVC windows fitted to it?
Isle of Wight local authority searches conducted by your Brading conveyancing solicitor during the legal process will see the existence of the appropriate consent for alterations to the building.
How much is stamp duty and land transaction tax?
The Stamp Duty Land Tax (SDLT) is based on a trigger threshold of £125,000, followed by a calculation of increasing percentages against the price bands, which are then added together:
- Less than £125,000 = 0%
- £125,000-£250,000 = 2%
- £250,000-£925,000 = 5%
- £925,000-£1,500,000 = 10%
- More than £1,500,000 = 12%
For example, a house bought for £450,000 will trigger SDLT at £12,500 (£0 for the first £125,000, £2,500 for the next £125,000, and £10,000 for the next £150,000 as the price falls in the first three bands).
How much does conveyancing searches be?
The cost of conveyancing searches does vary significantly. Searches are paid to a third party.
Is contaminated land in Brading a concern?
Property in Brading is contaminated by several environmental concerns, and factors such as proximity to landfill sites or masts or pylons should be reported on during conveyancing searches. Contamination can be caused by Brading waste sites, including Lower Knighton Landfill, Lower Knighton Farm, Isle Of Wight, PO36 0NS.
My flatmate and I am hopeful that we will sell our co-owned apartment in a hurry at a Brading property auction, can Homeward Legal allocate fast Brading property lawyers ?
Homeward Legal has a take charge style to concluding the necessary legal work for home sellers as quickly as possible.
Our solicitors attempt to communicate from the start to the end of the buyer and seller chain and use modern software systems to exchange on the legal work fast.
Flood searches are calculated from archived records and when you consider climate change e g the Met Office warn of more intense rain - 15-30% (according to climate change risk in 2012) are they comfort enough to establish enough about the evolving Brading flood risk?
A good Brading property solicitor should include environmental searches if the standard searches spots a Brading flood risk.
Sometimes property buyers to contact a neighbour of the property to get more comfort.