How many weeks does it take for my conveyancer to conduct the legal process on a flat in a home we are purchasing in Cradley Heath?
Completion can take anywhere from 1 month to three months dependent on a number of issues e.g. the efficiency of the seller's conveyancer, or re-negotiations following a survey.
Our purchase will complete on 7th November. How is Stamp Duty Land Tax rates calculated?
SDLT will depend on the valuation. On a £1189000 property, stamp duty will be £59450 (source: www.hmrc.gov.uk, 01/02/2013).
In relation to the serious flooding last year in the Midlands, I am anxious that environmental searches might not be sufficient?
Flood risk searches applied for by the Cradley Heath lawyer will also include the more rigorous flood search if it is felt necessary.
If you are still nervous you could try to contact a neighbour.
Is your solicitor team set up to complete fast the legal conveyancing of residential property auction properties in Cradley Heath?
Our recommended conveyancing solicitors commonly work for buyers and sellers at auction. Solicitors typically encourage bidders to instruct a SRA regulated conveyancing company prior to the auction to give enough time for a detailed investigation of the property's legal title. Following the actual auction your Homeward Legal lawyer is fully focused on concluding the legal side of things within the limited time as usually required .
The home I’m buying has been empty for two years; what questions should I be asking the solicitor, the estate agent, and the surveyor?
If a home has been empty for a considerable period (such as the two years mentioned here), there’s usually a reason for it. There is estimated to be around a quarter of a million properties in the country that have been empty for more than 6 months.
The primary reason is that the owner hasn’t the funds to renovate the property, or they’ve started gutting the place and run out of money to take it further, or perhaps there’s been a significant problem (e.g. fire or flood are common instances). Most likely, these properties will come up at auction.
Your estate agent will be aware of its history if the property is on their books, so you can find out a lot from them, the council will have an empty property officer, and the Land Registry will have information on the deeds. As far as the solicitor is concerned, they will establish the position on the property as part of the conveyancing, while the surveyor will have experience of checking out such properties, with the advice that you order a Building Survey (the most detailed of the options) to check out its structural integrity. Note that mortgage lenders will be more reluctant to offer a loan on such homes.
Ultimately, the ball is in your court and, if you want to pursue buying such a property, you need to be prepared to do the research, which can take up a lot of time.
The moving process can be bewildering and stressful. Let Homeward Legal look after the legal side of things for you and we'll guide you through the process from start to end. Call 0800 038 6699 to find out more.
What is the council tax on a Forties converted home in Cradley Heath?
Commonly, a conveyancing report on title should give information the relevant Sandwell council tax band.
Correct charges for homes in Cradley Heath are set out at the Sandwell council site. At the time of writing, 08/01/2013, rates are:
- Band A - £882.00
- Band B - £1,029.00
- Band C - £1,176.00
- Band D - £1,323.00
- Band E - £1,617.00
- Band F - £1,911.00
- Band G - £2,205.00
- Band H - £2,646.00