Are any conservation areas in Lower Sydenham likely to affect us?
There are a number of conservation areas in or near Lower Sydenham. Your conveyancing lawyer will be able to provide more details.
How is Stamp Duty Land Tax measured, and what should we budget for a £1162000 Lower Sydenham home?
The Stamp Duty owed depends on the valuation. For a property in Lower Sydenham bought for £1162000, SDLT will be £58100.
What are our options if purchasing a Lower Sydenham building in a Lewisham council conservation area ?
An integral part of the property legal includes making enquiries of Lewisham council to identify conservation area status and the requisite consent for any changes. .
How can I buy the freehold of the building in which I’m purchasing a flat?
When you buy a leasehold flat (usually for a lease lasting a long time), it means that you don’t own the building or the land on which it is built. If you want to buy the freehold of the building (either yourself or with other flat-owners), you’ll need to meet a few legal criteria before that can happen (such as the number of flats, the purpose to which the majority of the building is put to, and the number of flat-owners willing to by the freehold).
One additional point to note is that the shorter the lease on any flat, the greater the price of the freehold is likely to be.
You should talk to other residents about your plan as well as finding out how much the freehold will be and getting a professional valuation. Once you are in a position to move ahead, you’ll need to appoint a solicitor to manage the legal aspect of the planned purchase.
Homeward Legal's solicitors are well-versed in dealing with all types of freehold and leasehold purchases. So call us now on 0800 038 6699 and we'll guide you through the process and assign you to one of the best solicitors.
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.
When should I book a removals firm?
It’s very tempting to get wrapped in the excitement of moving home and wanting to get everything sorted out and in the diary. But, if you book a removals firm too early, prior to the exchange of contracts (when the date and time of completion is legally set), you risk the possibility that the date might change, thereby having to pay a fee to the removals firm to change the plans.
There is nothing stopping you in contacting a selection of firms to get a quote for removal and to negotiate the possibility of pencilling a date in but ensure you obtain agreement that this is subject to change and confirmation.
We are buying on a former industrial site. Is the top-soil likely to be contaminated?
Lower Sydenham and the surrounding region has a legacy of chemical contamination. The local authority for Lower Sydenham will be able to provide more detail on cases of contamination.
Does a property solicitor in Lower Sydenham order any property conveyancing searches on the London Fifties mid terrace property I am buying?
If purchasing and obtaining a mortgage, your lender will expect at least these searches - Local Authority, Drainage Search (Con29DW) and Environment Search as well as any area-specific searches, which might include British Waterways Search.