What does 'gazumping' mean?
This arises when a property owner accepts an offer, only to later reject it in favour of another purchaser's offer. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a risk of gazumping. To reduce the likelihood of being gazumped, consider instructing a solicitor as soon as you can.
What can impact land in Brislington. Are these comprehensively investigated?
Property in Brislington is contaminated by many environmental factors, such as hazardous and regulated installations or shallow mining. An environmental search will reveal this in more detail.
What average time should it take our conveyancing solicitor to exchange all of the conveyancing formalities on a maisonette in a sixties property we are intending to purchase?
The process can take anywhere between a month and 3 months, which can be affected by a number of things, like the speed of the seller's property solicitor, or the turnaround of searches. Our lawyers are very proactive with the aim of you moving home as quickly we can.
What should I do about the transfer of ownership of the utility billing?
It is the responsibility of the former owners to inform the utilities firms (gas, electricity, water, etc.) that they are moving.
You should give your current suppliers at least 48 hours’ notice that you’re moving home and, when you leave your old property, you should take all the necessary readings and send them to your old supplier(s) along with your forwarding address, so that they can send you a final bill and sort out any credit you might be owed.
You should give your new utility suppliers at least 48 hours giving your personal details for the new property. When you move into your new property, you should take all the readings again and send them to the new suppliers so that they have a record of where to start the bills running.
I plan to purchase a property in Hill. Is a chancel search necessary?
Your conveyancing solicitor is likely to recommend a chancel search. Chancel repair may be imposed on new owners of a residence where parish councils have previously chosen not to do so. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.
How do we find out additional info on the standard of the conservation areas in Brislington?
English Heritage keep a list of the condition (poor to good) of conservation areas.
Local conservation areas, such as whether trees can be cut down or traffic signs are dealt with by the local authority (Bristol).
I am purchasing a £289000 Brislington house, how is SDLT calculated?
The SDLT payable is calculated based on the value of the home. Stamp duty will be £8670 on a £289000 home.
How long does it take to move house?
Those new to buying property are often surprised by how long the process can take from start to finish. There are several factors that come into play when determining how long your transaction will take from having your offer accepted to moving into your new home: The number of people involved in the chain (the shorter it is, the easier to manage and therefore shorter in duration potentially), problems with one or more buyers in the chain getting a mortgage offer, communication, management and many others.
The greatest time that needs to be set aside is for the conveyancing, which is the complex legal process of transferring ownership of the property from seller to buyer, replicated along the entire chain. Typically, the conveyancing can take an average of between eight and twelve weeks to complete, so, in reality, you should be thinking in terms of months.
However, if you appoint a results-focused and proactive solicitor, who will do everything possible to reduce the length of time, including talking to everyone involved in the chain, pushing for swift return of forms and documentation, and using modern technology to drive the process forward, you will stand a better chance of the conveyancing being a lot shorter. And the earlier you appoint them, the quicker they can get started on your transaction.
Looking for great conveyancing where our solicitors work hard to deliver your completion as early as possible? Call Homeward Legal on 0800 038 6699 to find out how low our fees are.