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Conveyancing in Much Wenlock Q & A's

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By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 19/07/17

Much Wenlock services and health service information

Much Wenlock's closest airport is Wolverhampton Business Airport Airport (14 miles). Much Wenlock's nearest train station is Wellington Shropshire.

The most convenient hospital to Much Wenlock is Bridgnorth.

Q.

I need the cheapest conveyancing solicitors. What is included?

A.

Various law firms offer cheap conveyancing quotes. Often extra fees are frequently hidden in the terms and conditions. These terms are often ignored by excited buyers and sellers, eager to get underway. Additional charges included in your solicitor's terms should be fair and reasonable. They be applied only where your lawyer is required to perform tasks outside a normal transaction on your behalf, which could not be anticipated at the start of the process.

Q.

We are aiming to purchase a newly-constructed home, is it significant that searches are performed?

A.

Searches are a standard bundle of enquiries raised by the purchaser's solicitor. These searches consider the legal aspects of the purchase.

Q.

Which mortgage lenders in Much Wenlock do you work with?

A.

Most lenders in Much Wenlock are on our solicitors' panels. Lenders and mortgage specialists in Much Wenlock include Kingsland Financial, 1 Quarry Pl, Shrewsbury, SY1 1JN, 1st 4 Let, 87 Haybridge Rd, Hadley, Telford, TF1 5JJ, and Fairfield Finance, Park House/Park End, Newport, TF10 7JG.

Q.

I am purchasing a £1.045mil, how is stamp duty calculated?

A.

Stamp Duty is calculated based on the value of the house or flat. Stamp duty will be £52250 on a £1.045mil home.

Q.

The agent has suggested the conveyancing. Do we need to use this solicitor?

A.

Your agent will have influence over a solicitors firm they refer a lot of work to, and can therefore induce a slow solicitor to work faster. If the agent is paid a referral fee, however, some agents may 'recommend' the firm which pays to the largest referral fee, not the law firm with the best reputation.

Q.

We need to complete this property purchase as soon as possible, how do we guarantee fast conveyancing in Much Wenlock?

A.

Essential to fast conveyancing is to instruct a proactive, diligent property lawyer. When choosing a property lawyer, ask yourself the following: Did you experience any delays when requesting a quote? Do they use email? Do they offer 'no move, no fee' protection? This can incentivise a faster transaction.

Q.

Which local authority is responsible for Much Wenlock?

A.

Much Wenlock is located in South Staffordshire Council, Council Offices, Wolverhampton Road, Codsall, South Staffordshire, WV8 1PX, contact: 01902 696 000

Q.

What precautions can we take to get out of paying for stamp duty in Much Wenlock?

A.

Stamp duty avoidance should be treated with extreme caution in Much Wenlock, as such schemes are expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed. There have been a small number of government initiatives, however, such as higher thresholds for first-time buyers. Your solicitor will advise as to your eligibility.

 
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