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Conveyancing in Freshwater Bay Q & A's

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 18/01/18

Read all about the Freshwater Bay area ;

The closest airport to Freshwater Bay is Sandown IoW Airport. Southampton Airport is 21 mile s, Bembridge IoW Airport is 18 miles, and Bournemouth International Airport is 16 miles away and Lymington Pier train station is about 6 miles from Freshwater Bay.

Q.

Freshwater Bay area info

A.

Hurst Point Lighthouse, Yarmouth Castle English Heritage and Norton IOW Fort Victoria Marine Aquarium Aquarium are close to Freshwater Bay.

The most convenient hospital for Freshwater Bay is Milford War Memorial.

Q.

How do we find a cheap solicitor in Freshwater Bay to purchase a residence?

A.

Many law firms purport to offer 'the cheapest conveyancing quotes'. However extra costs will be included in the solicitor's terms of engagement which homeowners may have not read carefully Any disbursements to be paid must also be stated on a conveyancing quote Any extra fees found in the terms ought to be reasonable.

Q.

Is there anything we can do to hold off paying for stamp duty to HM Revenue?

A.

SDLT is due on purchases priced at over £125,000. We do not recommend clients arrange any stamp duty avoidance, as such schemes are highly expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed. There have been a small number of government-sponsored schemes, such as higher thresholds for first-time buyers.

Q.

How many weeks does it take our conveyancer to accomplish the legal process on the top floor of Thirties property we hope to buy?

A.

The conveyancing process can take anywhere between a month and twelve weeks depending on various things for example the speed of the vendor's property lawyer, or the completeness of the management information.

Q.

We need to complete this freehold house purchase as soon as possible, how can we get a fast completion in Freshwater Bay?

Instructing a proactive and experienced solicitor is crucial to a fast completion. Ask these questions when identifying your conveyancer:

  • Did you experience any delays when requesting a quote?
  • Are phone, fax and email their preferred methods of contact
  • Do they order searches immediately?

Q.

At what point is it appropriate to instruct a solicitor to act for us?

A.

Whether you are buying or selling in Freshwater Bay, instructing as early as possible is better. Some groups suggest waiting before instruction until an offer has been firmly agreed, but you will then be at a serious disadvantage in the event of a contract race, or buyer eager to move quickly.

Q.

What is the council tax on a period end of terrace Band C house in Freshwater Bay?

A.

You should be briefed about your new home's band as part of the conveyancing report on title. Correct rates for Freshwater Bay are detailed online at the Isle of Wight council website. Currently, 03 August 2012, rates are:

  • Band A - £979.00
  • Band B - £1,142.00
  • Band C - £1,305.00
  • Band D - £1,468.00
  • Band E - £1,794.00
  • Band F - £2,120.00
  • Band G - £2,446.00
  • Band H - £2,936.00

Q.

Which body keeps records for publishing the standard of Freshwater Bay conservation areas?

A.

English Heritage, a government body, now maintain records of the state of repair of conservation areas in England. Conservation areas in Freshwater Bay for instance what can be developed, addition of hard standings to the front of houses or plastic box signs are handled by the local authority (Isle of Wight).

Q.

What can a Freshwater Bay conveyancing lawyer advise if the property we want to buy is inside the boundary of a conservation area in Isle of Wight local authority which has unsuitable dormer windows installed?

A.

Local authority LLC1 searches conducted by a solicitor as part of the conveyancing will see the existence of suitable formal approval for any additions to the property.