I am purchasing a £526000, how is stamp duty tax calculated?
Stamp Duty Land Tax depends on a limited set of factors, primarily the value of the property. For a residential property estimated at £526000, the rate will be £21040 (accurate March 2013).
Do I have to be present at viewings?
No, you don’t. It used to be the case that estate agencies were happy to leave the homeowner to show prospective buyers around. However, this has now been dispensed with because they won’t necessarily have the property skills and experience of dealing with and selling to a buyer. Therefore, the preference is usually that you should not be present in the home at all, although this can obviously be difficult with infirmity, working from home, and childcare.
The best option is to discuss this with the estate agent when you appoint them, so that you are aware of their expectations for each viewing, and they will be able to work around you if you have to be present in the home. Whether you are present or not, you should still take care not to be too messy and tidy up as much as possible prior to the viewing appointment, so that good impressions are maintained.
Our fixed fees and the 'No Completion, No Fee' guarantee alongside our results-focused solicitors mean that Homeward Legal is your best choice for the conveyancing. Find out more on 0800 038 6699.
Is there a checklist for buyers or sellers helping to decide what’s most important?
The process of buying and selling is a complex one, so it’s helpful for your research to have checklists to ensure nothing is forgotten. There are several online resources with checklists for individual aspects of the moving process, including what to consider as a first-time buyer, help to buy schemes, removals, speeding up conveyancing and so on.
When it comes to deciding what you want for your new home to help you narrow down the choice of locations and types of property available, this is largely down to personal choice, so a standardised checklist might limit your requirements. You can talk to an estate agent about what you want as they will have the experience to narrow down your options. However, you need to consider the size of the property (number of rooms, bathroom facilities, bedrooms, etc.), size of garden, proximity to public transport links, noise, entertainment options (e.g. cinema, pub, eateries, etc.), access to off-road parking, schools, speed of broadband, and so on. Consider making a list of what the property must have and an associated wish list so that likely compromises can be made.
Do I need a solicitor?
The quick and easy answer is that you don’t. There is no legal imperative for you to employ a solicitor to handle the conveyancing when dealing with property. However, it would be rather unwise for you to carry out the work yourself because you probably won’t have the skills, knowledge and experience to perform many of the complex tasks, and you won’t possess the indemnity insurance that all solicitors are obliged to carry to protect clients in the event that something goes wrong.
You need to appoint a solicitor who is experienced, proactive and focused so that you have the best chance of completing your transaction as early as possible. You should also look for such a solicitor who also offers ‘No Completion, No Fee’ protection so that you will only be invoiced for the fees once your transaction has completed successfully.
Worried about the conveyancing process? Looking at a tight budget? Let Homeward Legal help you with our low fees without compromising our service values. Call us now on 0800 038 6699.
Can I change the purpose of use for a purchase as part of the conveyancing procedure?
Putting in a planning request to change the use of part or all of a property is a straightforward process and you can deal directly with the local authority, which authorises plans and requests. However, tying it in with a planned purchase of a property has its own problems, since you don’t yet formally own the property, and the length of time to get through the planning process (with no guarantee of success) will need to be factored into the purchase duration, which the seller may not agree to.
We would advise you to either buy the property and then put in the planning request after completion (or exchange at the very earliest), or buy a property that’s already fit for your purposes. Or you might be lucky to find a property that already has the relevant planning consents in place.
At what point do we need to instruct a solicitor?
With a firm offering a 'no move, no fee' conveyancing quote, the faster you instruct the better, as conveyancing involves a number of tasks that can be performed straight away. Promptly instructing a conveyancing firm for your North Cave transaction for a purchase allows you can shave days off the process by having the details of your instructed solicitor ready when you make an offer, or, if you are selling a property, prior to marketing the property, documents can be prepared to make it potentially more attractive to motivated buyers.
Which local authority looks after North Cave?
North Cave is located in East Riding of Yorkshire Council, County Hall, Beverley, Yorkshire, HU17 9BA, phone: 01482 393 946