Would you confirm taking precautions to defer paying out for HMRC stamp duty?
Homeward Legal firmly advise against any form of stamp duty mitigation scheme, as such schemes are highly expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.
How do I uncover more info on the standard of Langland conservation areas?
Conservation are issues for instance paths and footpaths, non sympathetic doors or vacant buildings are regulated by the local authority (Swansea).
Following a campaign, English Heritage have put together information about the state of conservation areas along with the vulnerability.
May our legal fees take into account any additional charges?
Homeward Legal do not charge any additional charges to buy or sell a property. Some websites offer unrealistically low 'quotes' which are in fact estimates, which they will not be required to adhere to.
We are buying a £868000 residence in Langland, how is stamp duty calculated?
Stamp Duty is dependent on several factors, including the house or flat's value. It will be £34720 on a £868000 home.*
*Correct as of August 2012
Bookshops and the web both have abundant very helpful handbooks giving details on doing your own legal work. In which case, do I want to use a lawyer in Langland ?
There is no argument why a home mover cannot take care of he bulk of the your own conveyancing without a trained Langland conveyancing solicitor. That said, a lawyer takes care of a long list of jobs e.g. chasing completion statements or assembling correct warranties most of which need the relevant training. Fundamentally amateur lawyers will not be covered by appropriate indemnity insurance that legal firms are bound to carry.
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.
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.