What is gazumping?
This is widespread across England and Wales and occurs when a seller accepts a lower offer, only to dismiss it, opting for a better offer. There is almost always a risk of being gazumped. You should instruct a law firm early, and even before acceptance of an offer to reduce the chance of gazumping.
How do I get out of paying out for stamp duty?
Homeward Legal do not recommend any form of stamp duty avoidance, as such schemes are often uneconomical and the HMRC can review a scheme up to 6 years after a sale is completed meaning that the full stamp duty amount, interest and additional fines will be imposed.
We are using a lender in Leicestershire, and need to know which Burbage lenders you can work with. Which panels are your solicitors members of?
Homeward Legal can work beside many lenders registered with the Council of Mortgage Lenders. A number of mortgage specialists operate in Burbage, including Mortgage Solutions, 2 Gillett Cl, Nuneaton, CV11 5XW, Mortgage & Investments Advice Agency, 30 Newdegate St, Nuneaton, CV11 4ER, and Bosworth Mortgage Services Ltd, Swan House/Bosworth Hall Est/The Pk, Market Bosworth, Nuneaton, CV13 0LJ.
We are selling our freehold property at a property auction shortly, can you allocate fast Burbage conveyancing solicitors ?
Homeward Legal has a take charge approach to completing the legal work for movers to meet the sellers requirements.
Our conveyancing solicitors are highly proactive and endeavour to communicate to the whole property chain and employ new software systems to drive through your house move in the shortest time.
Should I get my short lease extended before selling?
Buyers are becoming increasingly wary of buying leaseholds with less than 90 years to run because, first, the cost of increasing a leasehold is becoming far more expensive, and, second, mortgage companies are becoming increasingly reticent to lend money to buy leases that have dropped below the 80-year mark (indeed, this will be one of the criteria that they set to ensure their investment is protected).
As a result, buyers will often insist that the leasehold be extended back up to the 99-year or 125-year typical thresholds before going ahead and buying it. So, as the current leaseholder, you will almost certainly be expected to do the legal work required to extend the lease to a level that buyers will be happy with.
For fast conveyancing on the purchase of a £195,000 property, what should we do?
Contacting a proactive conveyancer is the key to a fast conveyancing transaction. There are, in addition, numerous tasks you as the buyer could do to speed up the process, such as, asking for property searches to be ordered immediately, organising your finances, including arranging a mortgage and promptly completing and return any forms.
What length of time should it take our solicitor to carry out the legal work for a flat in a period property we hope to buy in Burbage?
The conveyancing process can take anywhere between 3 weeks and 3 months, which can be affected by various things, like the speed of the seller's conveyancing solicitor, or absent parties. Our chosen conveyancing solicitors are highly focused on communication exchanging as speedily we can.