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Conveyancing in Isle Of Wight Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 19/07/17

Isle Of Wight area information

Carisbrooke Castle English Heritage and Arreton IOW Robin Hill CP Country Park are easily accessible from Isle Of Wight.

Smallbrook Junction station is around 7 miles from Isle Of Wight. Isle Of Wight's closest airport is Sandown IoW Airport (6 miles). Southampton Airport is 18 miles, Bembridge IoW Airport is 10 miles, and Bournemouth International Airport is 24 miles away.

The closest hospital to Isle Of Wight is Newport, St Marys.

Q.

On the purchase of a £758,000 house, what will be the fees? I need to find discount conveyancing in Isle Of Wight.

A.

Confusion over this point catches out many sellers and buyers, and can leave them paying far more in fees than they budgeted. Many solicitors offer so-called 'the cheapest conveyancing quotes'. Unfortunately extra fees are often hiding in the terms that sellers and buyers often do not check. Any extra charges needs to be fair and only come into force where your solicitor is required to complete extra work on your behalf, which could not be anticipated at the start of the process. Based on the property you intend to buy, our online quote calculator will generate an accurate statement of conveyancing fees.

Q.

Is your solicitor team experienced enough to handle fast completions on property auction conveyancing in Isle Of Wight?

A.

Our team specialise in auctions and often take instructions from buyers and sellers at auction. Our solicitors and licensed conveyancers have in the past worked for many buyers at local Isle Of Wight residential property auctions including Acuitus, Allsop (Commercial), Allsop (Residential), Auction House London, Award Property, Barnett Ross, Baxtons, Brendons Auctioneers, Countrywide Property Auctions and Drivers Norris.

Shrewd bidders always formally instruct an experienced conveyancing firm as soon as they can to allow sufficient time for a detailed review of the auction legal pack prior to the auction. Post

auction your now prepared lawyer is completely able to concentrate on completing the legal side of things inside 28 days as conventionally required .

Q.

Is a building survey a good idea when purchasing a property in Isle Of Wight?

A.

The Royal Institution of Chartered Surveyors strongly advise that you arrange an inspection. A wide range of defects can negatively affect a property, for example cracked roof tiles. These will not be reported on by a solicitor.

Q.

Food risk searches are fine but considering climate change for instance the catastrophic flooding in the UK in April 2012 are they sufficient to identify enough about the evolving Isle Of Wight area flood risk?

A.

Flood searches handled by the solicitor in Isle Of Wight will also include a far more in depth Landmark flood search if the risk is deemed significant.

If you are concerned you might try to contact a neighbour of the property.

Q.

We are purchasing a 1960's property, do we need searches?

A.

These searches are a typical set of enquiries carried out on behalf of the party intending to buy the property, for example a limestone search, and only relate to legal facets of the purchase.

Q.

How will my conveyancing solicitor in Isle Of Wight advise us on the risk and history of flooding around Isle Of Wight?

A.

A necessary component in the legal process of buying a property involves a conveyancer carrying out environmental searches that provide you with specific information on the subject of Isle Of Wight flooding.

Q.

Which Isle Of Wight areas are eligible for stamp duty relief?

A.

Isle Of Wight disadvantaged areas are identified by local ward. Disadvantaged areas around Isle Of Wight are Pan, Ryde North East, St. Johns-1 and Ventnor-1. Update: As of the 2013/14 tax year, stamp duty relief for disadvantaged areas is no longer available.

Q.

Is an environmental search a fee or disbursement?

A.

Disbursements and fees should be clearly stated on a quote, with all potential additional costs clearly stated. This charge is a disbursement not a fee, and is passed on at cost.

 
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