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Conveyancing in Broseley Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/02/18

Broseley attractions

Benthall Hall National Trust Buildwas Buildwas Abbey English Heritage and Wenlock Priory English Heritage are in the vicinity of Broseley.

Broseley's closest station is Telford Central at 5 miles and the closest airport to Broseley is Wolverhampton Business Airport Airport (11 miles s).

The nearest hospital for Broseley is Bridgnorth.

Q.

How do we get low cost conveyancing?

A.

Several firms offer cheap conveyancing quotes. Often additional fees can inflate the final bill. Extrasfound in terms of engagement ought to be fair. Our online calculator will create an accurate quote for your buy.

Q.

My local agent has named the property solicitor. Do we need to instruct them?

A.

It is common for agents in Bingham to suggest a law firm to handle your conveyancing, however, these referrals should be compared to other online or local firms, as some agents may 'recommend' the conveyancer who pays out the highest referral fee, not the best value for you.

Q.

We are using a lender based in Shropshire, and need to know which Broseley lenders your lawyers are able to work with. Whose panels are you on?

A.

Most lenders in Broseley are on our Broseley solicitors' panel. Lenders and mortgage specialists in Broseley include Skeats Nigel E, 2 Woodrush Heath, The Rock, Telford, TF3 5DL, Telford Mortgages Ltd, 8 Dalefield Dr, Admaston, Telford, TF5 0DP, and Ingram & Co, St. Georges Court/2 Conwy House/St. Georges Rd Business Cent, Donnington, Telford, TF2 7BF.

Q.

Is there anything we can do to get out of paying for stamp duty to HM Revenue?

A.

Stamp Duty Land Tax (SDLT) is generally payable on houses sold for more than 125,000 pounds. Homeward Legal do not recommend any form of stamp duty avoidance. These schemes are highly expensive and the HMRC can review a scheme up to 6 years after a sale is completed . There have been a range of government-sponsored schemes, on the other hand, such as for first-time buyers. You will be able to confirm your eligibility for any such active initiatives with your solicitor..

Q.

We are buying on a Broseley former industrial site. Supposedly cadmium (Cd) topsoil contamination may be an issue.

A.

Given the region's industrial and agricultural history in parts of Broseley, soil contamination is difficult to avoid. The local authority for Broseley will be able to provide more detail on cases of contamination.

Q.

When in the conveyancing process is it wise to find a solicitor?

A.

If you use a solicitor offering a 'no move, no fee' guarantee, the sooner you instruct a solicitor, the better, as the legal work can start immediately. Instructing your solicitor sooner for a sale enables paperwork can be prepared, even before a buyer is found, whereas if you are buying your offer may be taken more seriously if you already have a solicitor instructed.

Q.

We plan to complete on around 5th August, how is Stamp Duty Land Tax calculated?

A.

SDLT is based on the value of the house or flat. It will be £9720 on a £324000 home.*

*(Source - www.gov.uk, 12/03/2013)

Q.

We are planning to buy with Intelligent Finance, what do I need to check?

A.

Some lenders have opted to reduce the size of their 'solicitor panel'. Homeward Legal can act on behalf of most lenders.