Is it advisable that I get a chancel search? I am buying a property in Kilburn Park.
Potentially amounting to over £100,000 in repair cost obligations, chancel liability should be considered by buyers of Kilburn Park property likely to be affected. Following a change in the law, interest over any affected land must be registered by October 2013.
Santander is going to be our mortgage lender, what will I need to consider?
Traditionally, almost all conveyancing solicitors could act for the large mortgage lenders. Some lenders have reduced the number of firms on their approved panel, potentially creating greater conveyancing costs for home buyers. Homeward Legal are able to act for the vast majority of lenders, ensuring that an additional solicitor will not be required to act for your lender.
What’s the difference between exchange of contracts and completion?
When you exchange contracts, this means that you are agreeing to all the terms drawn up within the contract made between you on one side of the transaction, and the opposite party on the other side. It is from this point that you are legally obliged to go through with the transaction (unless you want to be subject to financial and/or legal penalties).
The completion of contracts is the point where you officially take over ownership of the property, receive the keys and can move in. All monies are transferred between the various parties and the conveyancing solicitor contacts the Land Registry to register the change of ownership to you.
Confused by the jargon in conveyancing? Let Homeward Legal's straightforward and clear service help guide you to as early a completion as possible. Try our online quote generator or call us on 0800 038 6699.
What is the council tax on a residential terraced property in Kilburn Park?
Normally a conveyancing report on title should contain the Brent council tax band. The latest council tax charges for properties in Kilburn Park are detailed at the Brent council website. On, 04 July 2012, rates are as follows:
- Band A - £910.00
- Band B - £1,062.00
- Band C - £1,214.00
- Band D - £1,366.00
- Band E - £1,669.00
- Band F - £1,973.00
- Band G - £2,276.00
- Band H - £2,731.00
Should I get a house survey?
Homeward Legal recommend that purchasers in Kilburn Park arrange a house survey. Buyers should be aware that there are many defects that can affect a property, for example flat roof leaks. These will not be reported on by a solicitor.