Of large Fenton lenders, who is on your panel?
Most lenders in Fenton are on our Fenton solicitors' panel. Fenton lenders and mortgage specialists include Barclays Bank PLC, Riverside/2 Campbell Rd, Stoke-On-Trent, ST4 4RJ, and Fresh Finance Group Ltd, Fenn House/Duke St, Stoke-On-Trent, ST4 3NR.
Our mortgage lender is Northern Rock, what will I need to know?
Buyers need to be aware that, in some cases, lenders have opted to reduce the size of their 'solicitor panel', resulting in increased legal costs for purchasers if a second conveyancer is required by their lender. Homeward Legal, though, will act for many UK mortgage lenders.
I’ve lost my gas/electrical certificates; will that stop me moving?
There is no legal imperative for you to provide either the gas or electrical safety certificates as the seller; you are required to provide a gas safety certificate on an annual basis, however, if you are planning on letting the property out. The Institution of Electrical Engineers recommends that an electrical certificate be updated at least every ten years or when the property is transferred to a new owner (every 5 years if you are letting the property out).
However, this usually means that this is the responsibility of the buyer with the onus on organising an inspection for a new certificate falling on them.
Homeward Legal offers competitive, fixed-fee quotes, protected by our 'No Completion, No Fee' guarantee. Try our online quote calculator or call our team on 0800 038 6699 to see what we mean.
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).
What makes sale conveyancing legal work to require months?
Fenton conveyancing may be drawn out. Homeward Legal do our best to curtail their impact, if it is possible to do so, by chasing for prompt responses.
We plan to purchase a restored chapel in Stonnall. Do we need a chancel search?
Whether you are buying a house in Fenton or elsewhere in the county, the solicitor should confirm that a chancel search be ordered. In Fenton's much older areas, chancel repair has the potential to be charged on the owners of a house where Parochial Church Councils may have not done so in the past, so it can be difficult to use this as a guide.