How much does our conveyancing searches generally cost?
Conveyancing searches ranges in cost, subject to which searches have been ordered. The most generally useful searches include a chancel liability search.
How do we determine SDLT, and how much do we need to budget for a £1134000 house?
The Stamp Duty payable is calculated based on the valuation. Stamp duty will be £56700 on a £1134000 Lunt home (information correct 12/03/2013).
Who do I give the appliance warranties to if they are being left at the property I’m selling?
If you are leaving what is generally termed ‘white goods’ at the property you are selling, which are still in warranty, the documentation should be given to your solicitor so that any warranties can be given to the buyer’s solicitor as part of the contract.
Note that, should you be leaving any electrical (or other) items at the property, this should be made clear on the Fixtures and Fittings Form (TA10) and agreed as early as possible between you and the buyers, particularly if you want financial recompense in so doing.
I've had a quote from you. Might there be any hidden costs?
No. Homeward Legal will not charge any hidden costs for standard conveyancing work. Some conveyancers give 'quotes' which are in fact estimates, meaning that your final bill could be much higher.
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.
How is Lunt contaminated land investigated?
Residential property in Lunt is contaminated by a wide range of environmental factors, like petroleum and fuel sites or sand or gravel pits. An environmental search will offer more detail.