Which local authority is responsible for Chelmsford?
Chelmsford is located in Chelmsford Borough Council, Civic Centre, Duke Street, Chelmsford, CM1 1JE, Tel: 01245 606 606
What specific things do I need to look out for if I’m buying a house on the coast?
With worsening weather and floods now becoming increasingly commonplace, with the media remarking on it in depth, buying a property that has a likelihood of flooding is a difficult decision to make. Not only is there the issue of cleaning up if it does flood, but insurance premiums will be much higher (and perhaps even prohibitive).
For homes in coastal areas, there is also the problem of coastal erosion, where some properties have been seen to literally fall into the sea.
However, the good news is that picking a home in a coastal region doesn’t automatically mean that it’s going to be subject to flooding or that it’s eventually going to slip into the sea. The searches ordered by your conveyancing solicitor will identify the level of risk associated with the property and, based on this, your solicitor may recommend that you take out specialist reports (e.g. from Landmark or other organisations) to get a more in-depth description of the risks and options. These are in addition to the standard set and will be charged to you as a disbursement at cost.
Your surveyor will also be able to identify evidence of previous floods and other problems during their inspection and provide advice in their report. If the problems are considered sufficiently severe, the surveyor may also note the specifics for further investigation by your conveyancing solicitor.
What will the council tax cost for a Thirties Band an apartment in Chelmsford?
The appropriate council tax band will normally be reported in the report on title along with the local council. The latest council tax rates for Chelmsford are tabled at the Chelmsford council site. Currently on 23 August 2012 band rates are:
- Band A - £993.00
- Band B - £1,159.00
- Band C - £1,324.00
- Band D - £1,490.00
- Band E - £1,821.00
- Band F - £2,152.00
- Band G - £2,483.00
- Band H - £2,980.00
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.
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).
If Chelmsford contaminated land is found in an environmental search, can we have the soil cost-effectively remedied?
Some degree of remediation is possible is some cases. Contact Harragan Andy & Sons Ltd, 97 Goshawk Dr, Chelmsford, CM2 8XP for more insight.
Do we need to use the property lawyer who works with by my estate agent?
Agent recommendations are a commonplace path for purchasers to get a solicitor. However, if they are paid a referral fee, it may be the case that the agent recommends the solicitor willing to pay the highest referral fee, not a firm with local expertise and a solid reputation.