Do fixtures and fittings include things like free-standing kitchen appliances?
Commonly, fixtures are 'fixed' to floors, walls and ceilings and fixtures are free-standing. The fixtures and fittings form is intended to avoid confusion, saving heartache once the sale is completed.
How much would my searches cost?
With a Homeward Legal solicitor, you will be charged at most £249 for conveyancing searches.
Do you need to get a chancel liability search if I am buying in Chester le Street near a 1500s glebe?
The Law Lords decision in a landmark case 10 years ago reaffirmed that 'lay rectors' of property must contribute towards the cost of church repairs. Indemnity policies can be arranged if chancel liability is likely to be enforced. The solicitor carrying out the legal work for your move will confirm that a chancel search is appropriate.
We need to complete this property purchase as soon as possible, how do we organise a fast conveyancing process in Chester le Street?
Primarily, buying faster is key is to employing a proactive property lawyer. Consider the following when selecting:
- Did you experience any delays when requesting a quote?
- Do they use email?
- Do they work on a 'no sale, no fee' basis?
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).