What does 'gazumping' actually mean?
Gazumping describes when a home owner acknowledges an offer, then rejects it, choosing instead a better offer. It may happen weeks into a purchase. There is almost always a risk of being gazumped. Consider instructing an efficient solicitor early to reduce the chance of your offer being gazumped.
The estate agent we are using in Buntingford has named a conveyancing whom they usually use. Will it be easier to use this firm?
An agent will be able to influence a conveyancing firm they refer a large number of clients to, and can therefore exert pressure on a slow solicitor to work faster. However, if the agent is paid a fee by the solicitor, an agent may choose the solicitor willing to pay the highest referral fee, not the law firm with the best reputation.
For a residence valued at £152000. What will be calculated for stamp duty rates?
Stamp Duty Land Tax will depend on the property's value. It will be £1520 on a £152000 Buntingford property (accurate March 2013).
How is Buntingford contaminated land checked?
Land may have been contaminated by numerous naturally-occurring factors, and an environmental search will confirm that a property may be affected by contaminants in the region including petroleum and fuel sites and nearby waste management facilities. Anstey Chalk Quarry, Hertfordshire, SG9 0BU is one such potential cause of contamination in Buntingford.
We are buying on a brownfield site. Can the topsoil still be contaminated?
There are considerable regulations to manage topsoil contamination. Environment search results will factor contaminants, including metals and others such as groundwater contaminants like organic compounds and acidic compounds.