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Conveyancing in East Beckton Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 09/01/18

East Beckton points of interest

Eastbury Manor House National Trust , Trinity Buoy Wharf Lighthouse, Museum of the Royal Arttillery:Firepower Aviation Museum and Blackheath Old Dover Rd Library Art Gallery are in East Beckton.

Drivers are well served with East Beckton having excellent road access about three miles of the A102M.

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East Beckton's nearest station is Woolwich Arsenal. The nearest airport to East Beckton is London City Airport (1 mile). Heathrow Terminals 1 2 3 Airport is 23 miles, London Heliport Airport is 11 miles s, Heathrow Terminal 5 Airport is 25 miles, Heathrow Terminal 4 Airport is 23 miles, Northolt Jet Centre Airport is 21 mile s, Elstree Airport is 20 miles, Rochester Airport is 22 miles and London Biggin Hill Airport is 13 miles away.

The most convenient hospital to East Beckton is Plaistow, Newham University.

Q.

How do I get affordable conveyancing?

A.

This catches out many homeowners, and can leave them paying far more in conveyancing fees than they budgeted. Many solicitors promote theoretically 'the cheapest conveyancing'. However additional costs can increase your solicitor's invoice. Any additional charges listed in terms and conditions should be fair. They only apply in cases where your lawyer must complete unanticipated additional work for you, which could not be anticipated at the start of the process. Our quotes are not estimates, stating all the solicitors fees you will pay for a standard sale or purchase.

Q.

Can you state how to defer paying stamp duty tax?

A.

We firmly advise against any stamp duty mitigation. These schemes are often uneconomical and HMRC may challenge a scheme up to six years later and the total stamp duty tax may be payable. There have been a range of government initiatives, such as relief for buyers in 'disadvantaged areas', and your solicitor will advise if these may apply.

Q.

We are purchasing a church rectory in Finchley. Should we get a chancel search?

A.

A property lawyer may suggest that a chancel search is taken out. In older areas of East Beckton, chancel repair may be imposed on owners of a building where Parochial Church Councils have not imposed the same liability on the last owners. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

What do searches bear upon?

A.

Conveyancing searches are a standardised set of enquiries undertaken for the buyer, and deal with legal facets of the purchase.

Q.

How do we work out SDLT, and what should it be on a £382000 East Beckton house?

A.

The SDLT you will owe depends on the property's value. It will be £11460 on a £382000 house or flat.

Q.

Nationwide Building Society will be our mortgage lender - is there anything we need to check?

A.

When taking out a mortgage to buy a property, the lender will require legal work to be carried out. Buyers should know that, in some cases, lenders are now reducing their 'solicitor panel'. For purchasers, this can result in significantly higher conveyancing costs. Homeward Legal, though, can act for many lenders so that you will not be required to pay your lender's conveyancing fees.

Q.

Will my legal charges have any extra charges?

A.

No. Homeward Legal do not hide any additional charges for any reason. Some solicitors' firms will give a low estimate, not an accurate quote, meaning that your final bill could be much higher.

Q.

The estate agent has referred a firm of solicitors. Will it be easier to instruct this solicitor?

A.

It is not uncommon for agents to endorse a solicitor. These referrals must be compared with other local solicitors, or better-value firms found online, as an agent may select the firm which pays to the largest referral fee, not the best value for you.