When in the process is it appropriate to find a conveyancer to handle our transaction?
With a 'no move, no fee' guarantee, instructing as early as possible is better. The legal work can then start straight away. Instructing a firm early can reduce any chance of the purchase or sale stalling.
How do we determine stamp duty and how much do we need to budget for a £176000 Kimberley property?
Stamp Duty will depend on the property's price. Stamp duty will be £1760 on a £176000 house (accurate March 2013).
Could the legal fees introduce any hidden costs?
No. Homeward Legal's solicitors never charge any additional costs under any circumstances. Some websites offer unrealistically low 'quotes' which are in fact estimates, meaning that you could pay much more when you complete.
As a consequence of the major flooding in Sept 2012 in the East Midlands we are anxious that flood searches may not be detailed enough?
A thorough Kimberley property solicitor will get additional informative flood risk searches if the environmental searches spots a significant risk Kimberley flooding risk.
Sometimes home buyers to get in touch with a close neighbour for that more insight.
Do I need a solicitor?
The quick and easy answer is that you don’t. There is no legal imperative for you to employ a solicitor to handle the conveyancing when dealing with property. However, it would be rather unwise for you to carry out the work yourself because you probably won’t have the skills, knowledge and experience to perform many of the complex tasks, and you won’t possess the indemnity insurance that all solicitors are obliged to carry to protect clients in the event that something goes wrong.
You need to appoint a solicitor who is experienced, proactive and focused so that you have the best chance of completing your transaction as early as possible. You should also look for such a solicitor who also offers ‘No Completion, No Fee’ protection so that you will only be invoiced for the fees once your transaction has completed successfully.
Worried about the conveyancing process? Looking at a tight budget? Let Homeward Legal help you with our low fees without compromising our service values. Call us now on 0800 038 6699.
What causes the purchase conveyancing process to seem to be so slow?
The Kimberley conveyancing process will occasionally endure stressful setbacks. We do our best to minimise their consequences whenever possible by, for example, ordering searches as early as possible. Reasons for delay can include the length of time it takes for the managing agent or landlord to respond to queries.
What’s the difference between residential and commercial conveyancing?
In essence, there is very little difference between the tasks needed for residential conveyancing against commercial conveyancing. The real difference comes in the type of property and the purpose for which it is intended to be used.
The majority of residential transactions are freehold, whereas commercial transactions are almost exclusively leasehold, and commercial property conveyancing searches will tend to be more expensive because the structure and land will occupy a greater space on average than that for residential property.
Bookshops now have collections of books all about do it yourself conveyancing such as Conveyancing Forms and Procedures by Annette Goss, Lorraine Richardson and Michael Taylor. Do I therefore need a Kimberley conveyancer ?
Technically speaking there are no arguments at all why a home mover shouldn't undertake the legal process unaided.
However, a property solicitor takes care of a large number of actions such as interpreting replies to enquiries and checking replies to additional enquiries which require a qualified professional. Moreover legal practices are required by their regulator to have the applicable indemnity cover to insulate you from any professional oversights made by the lawyer.