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Conveyancing in Fenny Stratford Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 15/04/18

Read all about the Fenny Stratford area ;

Fenny Stratford's closest station is Fenny Stratford and Turweston Aerodrome Airport is 16 miles from Fenny Stratford. Luton Airport is 17 miles and away.

Milton Keynes General is the neighbouring hospital.

Q.

How do we get a discount conveyancing quote?

A.

Several solicitors promote cheap conveyancing quotes. Often extra fees will be included in the solicitor's terms of engagement. Extra costs included in terms and conditions needs to be fair and clearly defined. Our quotes clearly state the solicitors' fees for a standard conveyancing transaction.

Q.

What does conveyancing searches cost?

A.

Searches range in cost, depending on the searches required by your lender. Searches are paid out to a 3rd party, and are not included in a solicitor's fees.

Q.

If I am purchasing a Fenny Stratford property close by an ecclesiastical parish, will we need a chancel search?

A.

Some owners in Fenny Stratford can be required to subsidise upkeep of nearby church land. Some names or words such as 'rectory' give an indication of a property's history, and thus whether chancel liability may apply.

Q.

What is the council tax on a mid-terrace home in Fenny Stratford?

A.

In most cases the conveyancing report on title should provide the appropriate Milton Keynes council tax band. The correct charges for homes in Fenny Stratford are detailed on the Milton Keynes local authority site. At the time of writing (12 July 2012) rates are:

  • Band A - £928.00
    >
  • Band B - £1,083.00
  • Band C - £1,237.00
  • Band D - £1,392.00
  • Band E - £1,701.00
  • Band F - £2,011.00
  • Band G - £2,320.00
  • Band H - £2,784.00

Q.

Can we get out of paying HMRC stamp duty?

A.

Stamp Duty Land Tax is payable on houses priced at over 125,000 pounds. Stamp duty mitigation scheme should be treated with extreme caution. These schemes are costly and HMRC may challenge a scheme up to six years later imposing fines and reviewing all your revenue matters. There have been a small number of official schemes, such as for first-time buyers.

Q.

Having heard about the fact that 2012 was second wettest year since 1920 we are concerned that flood searches won't be exacting enough?

A.

Environmental searches conducted by your Fenny Stratford property lawyer will include the more informative Landmark flood search if required.

If you are concerned you can always approach a future neighbour.

Q.

Should I get a building surveyor to inspect this house purchase?

A.

It is strongly recommended that all purchasers arrange a surveyor. There are a range of problems that affect a property, that a solicitor will be unable to address, including blocked drains and insect infestation.

Q.

What kind of scrutiny in connection with the uncertain risk of local flooding in the Milton Keynes area will a Fenny Stratford solicitor report back to us on a Victorian home we are going to purchase?

A.

A qualified solicitor applies for environmental searches that incorporate Fenny Stratford flood risk area data information. Also as an additional measure the conveyancing solicitor in Fenny Stratford will often recommend an specialist Fenny Stratford flood search.