Does your company do the conveyancing for auction properties in North End?
Our firm is very capable working with sellers at auction. Quite often specialist homes such as where the owner needs a quick sale are bought in property auctions which tend to necessitate additional. We therefore advocate bidders to appoint a CQS solicitor before the actual auction to allow adequate time for a full review.
Post auction day arrives, your lawyer will need to be focused on rapidly finish the auction conveyancing process within 28 days, a normal requirement of .
How long does it take to move house?
Those new to buying property are often surprised by how long the process can take from start to finish. There are several factors that come into play when determining how long your transaction will take from having your offer accepted to moving into your new home: The number of people involved in the chain (the shorter it is, the easier to manage and therefore shorter in duration potentially), problems with one or more buyers in the chain getting a mortgage offer, communication, management and many others.
The greatest time that needs to be set aside is for the conveyancing, which is the complex legal process of transferring ownership of the property from seller to buyer, replicated along the entire chain. Typically, the conveyancing can take an average of between eight and twelve weeks to complete, so, in reality, you should be thinking in terms of months.
However, if you appoint a results-focused and proactive solicitor, who will do everything possible to reduce the length of time, including talking to everyone involved in the chain, pushing for swift return of forms and documentation, and using modern technology to drive the process forward, you will stand a better chance of the conveyancing being a lot shorter. And the earlier you appoint them, the quicker they can get started on your transaction.
Looking for great conveyancing where our solicitors work hard to deliver your completion as early as possible? Call Homeward Legal on 0800 038 6699 to find out how low our fees are.
How much is stamp duty and land transaction tax?
The Stamp Duty Land Tax (SDLT) is based on a trigger threshold of £125,000, followed by a calculation of increasing percentages against the price bands, which are then added together:
- Less than £125,000 = 0%
- £125,000-£250,000 = 2%
- £250,000-£925,000 = 5%
- £925,000-£1,500,000 = 10%
- More than £1,500,000 = 12%
For example, a house bought for £450,000 will trigger SDLT at £12,500 (£0 for the first £125,000, £2,500 for the next £125,000, and £10,000 for the next £150,000 as the price falls in the first three bands).
What research about the risk of floods at Portsmouth will my North End solicitor include in the report on title for a Sixties property we intend to purchase?
Your lawyer makes an application for conveyancing and environmental searches, which include North End flood risk area information. As an additional measure means that the lawyer in North End will typically suggest a more involved (e.g. Landmark) detailed local North End area search. At the time of writing (18-Oct-12) there were no warnings around the Somerset coast at Kingston Seymour, Wick St Lawrence, Hewish and Kenn at the Tidal flooding of areas near the Lincolnshire Coastline from Tetney Haven to Gibraltar Point
Does North End include many conservation areas?
Areas considered to be of historical merit, like stretches of canals, may be defined as areas of conservation. A conveyancing lawyer will address the impact buying in a conservation area may have.
What do I do if new and severe damage is found after moving in?
You should reasonably expect the home into which you’re moving to be cleared, clean and without additional damage. Of course, things can happen as removals can chip plaster, scratch or tear wallpaper, etc., but if there is significant damage that was not present before, it would be advisable to talk to your solicitor to see if there is any recourse for you on your seller.
You may also like to think about writing a clause into the contract that money will only be released after a cursory inspection of the premises to confirm that you are happy. This needs to be agreed with the seller’s solicitor, but the expectation is already raised. Beware that, in the chaos of the moving day, you can’t afford to delay things too much, so it’s a fine balance.