When do we need to instruct a conveyancing solicitor?
In the vast majority of cases, instructing as early as possible is better, as conveyancing involves a number of tasks that may be performed very early in the process. Early instruction of a conveyancing solicitor to act on your Flackwell Heath sale or purchase can reduce any chance of the purchase or sale stalling.
What steps can we take to avoid paying stamp duty?
SDLT is generally due for homes sold for over £125,000. We do not recommend buyers risk any form of stamp duty mitigation. These schemes are often uneconomical and HMRC may challenge a scheme up to six years later. There have been a number of government initiatives, however, such as higher thresholds for first-time buyers. You will be able to confirm your eligibility for any such active initiatives with your solicitor..
I am buying in Flackwell Heath. How can we find out if the residence is in a designated conservation area?
The areas in or near Flackwell Heath will include several conservation areas. Your property solicitor will provide more details and address the consequences of purchasing property in a conservation area, regarding specific conservation areas in Flackwell Heath.
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).
Is Homeward Legal experienced enough to very fast completions on the conveyancing for residential property auction properties in Flackwell Heath?
Yes - Our team are auction specialists and often take instructions from buyers at auction. Solicitors tend to inform buyers to appoint an affordable solicitor prior to the day of the auction for a full report of the sellers pack.
Thereafter, following the auction day the lawyer is fully prepared for swiftly completing the transaction inside 28 days as typically required .
What would the searches be?
The cost of conveyancing searches in Flackwell Heath varies greatly. These searches are disbursements paid to a third party, and are charged 'at cost'.
What is the best point to I book the home removal firm?
Our recommendation is to wait before arranging the removals company until the point where you and the other side has contractually agreed the final home moving date that normally takes place after exchange of contracts. The majority of removals companies will levy a re booking levy . For a local firm Wiles Removals, 6 London Rd, Loudwater, High Wycombe, HP10 9RA Phone: 07858 685066.
Can I agree a sale price without involving an estate agent or solicitor?
This depends on whether you have signed up with an estate agent and what agreement is already in place. While it might seem unfair if you’ve found a buyer outside of the estate agency process and you’re expected to still pay the agent their fees on sale, you should be very careful about stepping outside the agreed terms and conditions since this is legally binding and you may face penalties as a result. Therefore, if you want to follow this course, it’s worth checking the details with a solicitor to ensure you’re following the letter of the law.
If you’re not with an agent, you can publicise your house details with a number of publications and online sites (some are free, others require a fee), but you’ll need to do all the legwork and administration. For a legal standpoint, you don’t need to appoint a solicitor to perform the conveyancing, but it would be an unwise option to pursue as you will probably have neither the training or experience in some its complexities, and you won’t have the protective indemnity insurance in the event of a problem arising with your work.