Do we need to get a property survey?
It is highly recommended that home buyers in Kingsdown arrange a property surveyor to undertake a survey. It is a fact that there are many defects that affect a property, which will not be covered by the legal work. These can include poor drainage and corrosion of pipework.
Which parts of Kingsdown are protected by a conservation area?
With 9000 affected areas throughout England, the areas in or near Kingsdown include several conservation areas. Your solicitor will advise further and confirm potential liability for unauthorised works.
Why is it silly to buy a leasehold with less than 99 years to run?
In large part, if a leasehold drops below 90 years, it’s because mortgage companies will not be willing to lend money to purchase the leasehold. They will almost certainly have a stipulation on the length of the leasehold as part of their criteria for lending.
Most buyers are very aware of this and the trend is for an insistence of the sellers to provide an extension back up to the 99-year or 125-year thresholds before considering its purchase. Otherwise, even if you can finance it, eventually you’ll have to consider the legal cost of extending the lease yourself.
Should we use the property solicitor who works with by my estate agent?
Both agents and mortgage brokers may suggest one or more conveyancing firms, however, these referrals should be compared against alternatives, such as local solicitors, or firms found online, as it may be the case that the agent recommends whichever firm pays the most per referral, not a firm with local expertise and a solid reputation.
Does your firm look after the conveyancing of auction properties in Kingsdown?
Our company is able to act on property auction protocols. Normally hard to value properties such as un-mortgageable properties are sold at property auctions which need increased exploration. Homeward Legal therefore strongly suggest that purchasers formally appoint a local property lawyer before the date of the auction to allow for a detailed report of the legal pack.
Post day of the auction your appointed lawyer is utterly able to concentrate on finishing all of the legal work within 28 days as typically required .
Do you confirm looking into how to avoid paying stamp duty land tax?
Stamp duty mitigation scheme must be treated with caution by purchasers in Kingsdown. These schemes are highly expensive and HMRC may challenge a scheme up to six years later and the total stamp duty tax may be payable, along with interest and penalties.
Should I change the locks after I move in?
It would be a wise move to replace the locks upon moving into your new home, for peace of mind if nothing else. Although you may have received a number of copies of the keys, you may not know accurately whether that bunch constitutes every copy.
Although changing the locks will be an extra cost, you may find that buildings insurance may look on the move favourably, too.
Need guidance on what to expect from the conveyancing and legal work associated with your planned move? Call our team at Homeward Legal on 0800 038 6699 and they'll get you set up today.