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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: 22/10/17

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.

Do your panel of solicitors get involved in the conveyancing of property auction properties in Much Wenlock?

A.

Our recommended conveyancing firms in Much Wenlock do frequently take instructions from buyers at auction. Lawyers consistently advocate bidders to instruct a local lawyer well in advance of the property auction date to allow adequate time for a detailed report.

Subsequently, following the actual auction, your lawyer has to be focused on carry out the legal work in the 4 week time frame, a requirement of terms of sale.

Q.

Apparently, nickel (Ni) soil contamination may be an issue in Much Wenlock. Can you advise?

A.

There are laws imposed to limit soil contamination. Data on many contaminants, such as industrial storage and water contaminants such as sewage, will be included in an environmental search.

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.

How frequent is gazumping?

A.

Gazumping describes when a property owner approves an offer and then rejects it, opting for another buyer's offer. Gazumping may happen even months into a purchase. Although being gazumped is less common in a declining market, there will always be a risk. You should instruct an efficient solicitor as soon as possible to reduce the chance of your transaction being gazumped.

Q.

Is a property survey a good idea when purchasing a property in Much Wenlock?

A.

It is heavily suggested that most Much Wenlock buyers instruct a RICS surveyor to perform a survey. There can be a range of problems that affect a property, which will not be covered by the legal work, including cracks around door frames or subsidence.

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.

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.