Is a leasehold supplement a fee or disbursement?
All fees and disbursements ought to be clearly identified on the quote for your conveyancing. This cost is a fee not a disbursement, and should be clearly stated in your quote.
How is stamp duty calculated, and how much do we need to budget for a £140k Harefield residence?
Stamp Duty Land Tax is dependent on a small range of considerations, primarily the value of the house or flat. Stamp duty will be £1400 on a £140k Harefield home.*
*Accurate as of 17/02/2013
The property seller appears to have installed unsuitable artificial stone cladding on the building which I think might defy the Black Jacks Lock conservation area criteria.
Eastleigh local authority search (LLC1 - Requisition for search and Official Certificate of Search) conducted by a property lawyer during the conveyancing process will ascertain if the Harefield property a designated conservation area and evidence of planning consent for modifications will be supplied.
Should no necessary permissions be available your conveyancing solicitor will give you professional advice on all options which can include buying an indemnity policy or getting retrospective consent from the council.
Does Harefield include any conservation areas?
There are several areas of conservation in or near Harefield. Black Jacks Lock and Copper Mill Lock are among the conservation areas in Harefield. The local council will offer more information about local areas of conservation, and the property solicitor handling your purchase address the impact buying in a conservation area may have.
Why might conveyancing take such a long time?
Conveyancing will occasionally be drawn out. We endeavour to minimise their cost if it can be achieved.
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.