Should I accept an offer on my home if I haven’t found one to buy?
From your prospective buyer’s standpoint, they are not going to want to wait around for you to find somewhere to move to necessarily, meaning that they might drop out of the process to look for a property that is more readily available. However, you might want to have the discussion with your estate agent as to the best way to manage this as part of the process of putting your house on the market.
It’s not always going to be easy for everyone in the chain to have everything lined up from mortgage offers, sale price agreements, solicitors, surveys and so on. Therefore, you can be honest and tell your prospective buyer that, while you’re accepting the price, you haven’t completed your part in the chain; if they are unhappy with this, your other option is to consider a short-term rental or moving in with friends temporarily to protect the sale.
With our experienced solicitors at low, fixed-fee quotes with 'No Completion, No Fee' protection, Homeward Legal is in the best position to look after your conveyancing. Call us now on 0800 038 6699 to get started.
I am buying a £630000 residential property in Gamlingay. How is stamp duty calculated?
Stamp Duty is dependent on the valuation. Stamp duty will be £25200 on a £630000 property.*
*Correct December 2012
How long should I expect it to take my designated conveyancing solicitor to exchange all of the legal work on a semi detached Regency home we are intending to buy?
The process can take anywhere from a month to twelve weeks, which can be hampered by any number of factors such as the speed of the seller's conveyancing solicitor, or the speed of the local authority.
How is Gamlingay contaminated land investigated during the house-buying process?
Land in Gamlingay may be contaminated by numerous factors caused by man and by nature, and an environmental search will confirm that a home could be affected by Gamlingay contaminants including overhead transmission lines and landfill sites.
The residence being bought is on a ex-industrial use land. Can the soil still be contaminated?
Gamlingay industry and natural causes can cause top-soil contamination. Various bodies hold data on land contaminants affecting Gamlingay, including local authorities.
Do I need a solicitor?
The quick and easy answer is that you don’t. There is no legal imperative for you to employ a solicitor to handle the conveyancing when dealing with property. However, it would be rather unwise for you to carry out the work yourself because you probably won’t have the skills, knowledge and experience to perform many of the complex tasks, and you won’t possess the indemnity insurance that all solicitors are obliged to carry to protect clients in the event that something goes wrong.
You need to appoint a solicitor who is experienced, proactive and focused so that you have the best chance of completing your transaction as early as possible. You should also look for such a solicitor who also offers ‘No Completion, No Fee’ protection so that you will only be invoiced for the fees once your transaction has completed successfully.
Worried about the conveyancing process? Looking at a tight budget? Let Homeward Legal help you with our low fees without compromising our service values. Call us now on 0800 038 6699.