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Conveyancing in Fowey Q & A's

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 25/04/17

Read all about the area ;

Par train station is about 3 miles from Fowey and Fowey's nearest airport is Newquay Airport. Plymouth City Airport is 24 miles and away.

Fowey, Park Rd hospital is relatively close to Fowey.

Q.

Please confirm the cheapest fee for a 134k property? We need to find a discount conveyancing quote in Fowey.

A.

Many property lawyers claim to offer theoretically cheap conveyancing quotes. However additional fees can inflate the final bill. Any extra charges listed in the terms needs to be fair and reasonable. Any disbursements ought to be listed on your conveyancing quote

Q.

In regards to the flooding in Sept 2012 in South West England I am wondering whether flood searches aren't thorough enough?

A.

Environmental searches conducted by a conveyancing solicitor in Fowey will also include a more informative flood search if the risk is deemed significant.

Sometimes property buyers to converse with a neighbour or local resident to get more insight if you are still worried.

Q.

Is there anything we can do to defer paying stamp duty in Fowey?

A.

Stamp duty commonly must be paid for property purchases sold for more than £125,000. We firmly advise against any form of stamp duty reduction scheme, as such schemes are often uneconomical and very risky.

Q.

How can purchase conveyancing work have so many delays?

The legal work involved in buying or selling Fowey property may be delayed. Homeward Legal do our best to minimise their cost whenever we can do so by, for example, ordering searches as early as possible. Delays may include problems with arranging a mortgage.

Q.

My estate agent has put forward the lawyer. Will it be faster to instruct this solicitor?

A.

Many agents will have a referral arrangement with solicitors where they refer clients to them. However, if the agent is paid a fee by the solicitor, some agents may 'recommend' the solicitor willing to pay the highest referral fee, not the most suitable for you.

Q.

How will my property solicitor in Fowey report back on the risk and history of possible flooding in the Fowey region for a buy to let property I am going to buy?

A.

An experienced residential property conveyancing lawyer will carry out standard conveyancing searches, which include Fowey area flood risk information.

Q.

What do we need to calculate stamp duty rates and how much do we need to pay on a £818000 Fowey residential property?

A.

Stamp Duty Land Tax is calculated based on the property's price. On a £818000 residential property, stamp duty will be £32720.*

*Accurate March 2013

Q.

Would you recommend that we get searches for chancel liability? I am purchasing a property on the same road as a parson's close in Fowey.

A.

Owners of property in a neighbourhood near an old church building must contribute towards the cost of repairs, where chancel repair liability exists. Liability has the potential to impact the value of a property, but insurance is available should an obligation to fund repairs be enforced. Fowey churches include St Fimbarrus.

 
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