I am intending to buy in Hilperton. Is it that necessary that conveyancing searches are carried out?
These searches are enquiries requested by the purchaser's conveyancing lawyer. Searches will not give information on the physical condition of the property.
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.
What can contaminate land in Hilperton?
Several contaminants may reduce the value of Hilperton property, such as radioactive substances in the region. An environmental search will reveal this in more detail.
How soon do you need to instruct a conveyancer?
If you choose a solicitor with 'no move, no fee' protection, as soon as possible. The legal work can then start very early in the process. Instructing a solicitor to handle your Hilperton conveyancing early for a purchase enables your offer may be taken more seriously if you already have a solicitor instructed, or, if you are selling a property, paperwork can be prepared, even before a buyer is found.
Who do I give the appliance warranties to if they are being left at the property I’m selling?
If you are leaving what is generally termed ‘white goods’ at the property you are selling, which are still in warranty, the documentation should be given to your solicitor so that any warranties can be given to the buyer’s solicitor as part of the contract.
Note that, should you be leaving any electrical (or other) items at the property, this should be made clear on the Fixtures and Fittings Form (TA10) and agreed as early as possible between you and the buyers, particularly if you want financial recompense in so doing.
When we are buying close by a parson's close in Hilperton, will we need to get a chancel search?
In Hilperton, some owners can be required to contribute towards maintenance of older church buildings. A chancel search will confirm whether liability for Hilperton properties is likely to exist. The solicitor carrying out the legal work for your move will confirm that a chancel search is appropriate. Church properties in the area include St Michael & All Angels.