Would getting a house survey be required when we are buying a property?
It is advised that most purchasers book a building survey. There can be a range of defects that have a negative impact on a property, that will not be addressed during the conveyancing process, such as roof spread.
Can you recommend how I avoid paying out for SDLT?
SDLT is usually due for residential property over 125,000 pounds. Stamp duty avoidance should not be considered when purchasing in Heston. Such schemes are highly expensive and often likely to fail.
Which parts of Heston are protected by a conservation area?
Parts of Heston considered be of historical or architectural value, like country house estates, may be defined as conservation areas. These restrictions adds to upkeep costs, but the benefits will include confidence that property will retain its value.
Should I list my property with more than one estate agent?
The choice is entirely up to you and your specific circumstances. Going with a sole agent is probably the cheapest option (although the reach to buyers is dependent on how many clients are on their books), while multiple agents will be more expensive (but will reach a broader client base).
If you’re looking for a quick sale or the market is rather sluggish, it makes sense to put your property on with a number of agents. If the market is buoyant, it makes more sense to place the property with a sole agent.
Whichever you choose, you should always check the terms and conditions so that you know what service you’re getting for your money and how much it will cost you once the home is sold. You should also understand if there are penalties should you decide to place the property with more or fewer agents later on during the agreement period.
I have to achieve a rapid sale, does Homeward Legal employ fast Heston property lawyers ?
Our firm always take a speed focused plan of attack to completing the transfer of title as quickly as possible.
Our property lawyers work fast and try to communicate up and down the buyer and seller property chain and implement cutting edge local authority and land registry integrated and information technology systems to push through the property sale as quickly as possible.
What is stamp duty and land transaction tax?
Stamp Duty Land Tax (SDLT) is a proportion of the final sale price of a property payable to HMRC by the buyer. The current trigger threshold is for any property priced at £125,000 or over (unless you’re a first-time buyer, in which case you pay less or no tax for properties priced at less than £500,000). Your solicitor will handle the transfer of the tax as part of the final tasks on your conveyancing.
In Scotland, buyers have to pay Land and Buildings Transaction Tax and, in Wales, the Land Transaction Tax is triggered at properties priced over £180,000.
In all cases, the amount payable is based on a sliding scale as the price goes up as a proportion of that range added together than an overall flat tax amount or percentage. So, the higher the price goes up, the greater the amount of tax you have to pay.