We have a found a property to buy. How do we arrange a fast conveyancing process?
As is widely reported, contacting a experienced solicitor is the key to fast conveyancing. Additionally, there are a range of tasks you as the buyer can also do to get moving sooner. These include:
- asking for property searches to be ordered immediately
- promptly completing and return any forms
- arranging your mortgage offer
What kind of additional enquiries regarding the risk and history of floods at Yorkshire, West Riding will the conveyancer in Holmfirth scrutinise for a Fifties property we are going to buy?
A lawyer will carry out formal property conveyancing searches that incorporate Holmfirth flood risk area data. A more in-depth search (e.g. Landmark) might be proposed by a Holmfirth conveyancing solicitor if in the event that the initial conveyancing searches show any risk of flooding.
Our mortgage lender is Bank of Ireland Mortgages - is there anything I need to be aware of?
Traditionally, it was usually straightforward for solicitors to act for both a buyer and their lender. Over the last two years, some lenders have reduced the number of firms on their approved panel. For home buyers, this can result in significantly increased legal costs. Homeward Legal, though, are able to act for all major lenders in the UK to ensure that you will not need to pay any additional legal fees to your lender's solicitor.
Is there a benefit to going to auction over a standard estate agent sale?
The majority of homes sold via an estate agent will be in a reasonable condition and usually modernised, whereas auction properties will often require a lot of modernisation or structural work before it can be lived in. That’s not to say you can’t use either for your sale, of course, irrespective of the state of the property.
Whichever option you choose, you should line up a focused, proactive solicitor on a fixed-fee agreement protected by a ‘No Completion, No Fee’ guarantee. You should appoint them as early as possible, too, so that the conveyancing work can start immediately – this is particularly important for auctions, as there is usually a four-week completion stipulation on its sale.
At Homeward Legal, we offer you’re the best quality service on all types of sale and purchase, including auctions, for competitively low fees protected by our 'No Completion, No Fee' guarantee. Try our online quote calculator or call our team on 0800 038 6699.
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.
We are interested in purchasing a property in Holmfirth. Can I confirm that the property is in a conservation area?
Locales deemed to be of architectural merit, such as stretches of canals, will be defined as conservation areas. Your property solicitor will be able to advise further and discuss what specific restrictions are in place.
Can you recommend how I avoid paying stamp duty tax?
Stamp Duty Land Tax (SDLT) is generally due on purchases over £125,000. Stamp duty avoidance must be treated with caution by purchasers in Holmfirth. Such schemes are expensive and HMRC may challenge a scheme up to six years later meaning that the full stamp duty amount will be payable, with potential fines.