How much Stamp Duty Tax do we have to pay in Norwich?
SDLT is usually payable on residential property bought for over £125,000, in Norwich and the rest of the country. The rate is worked out in tiers, depending on the cost of your property. Use this handy Stamp Duty Land Tax calculator to find out exactly how much you will owe. There have been several Buyer’s Belief initiatives in the past, but most of these were scrapped in 2013, your solicitor will advise if anything similar may apply, though it is unlikely.
If you are buying a property near the cathedral in Norwich, will you need a Chancel Search?
Property owners near to any local churches may be required to cover the cost of repairs. This is referred to as >a href="https://www.homewardlegal.co.uk/blog/chancel-repair-liability-–-unholy-mess">Chancel Repair Liability. A Chancel Search checks if such a liability exists and your solicitor will be able to advise you as to which insurances you need to cover the cost. Church of England properties in this area where chancel liability may apply include St Luke's, Heigham St Thomas, Old Lakenham Community Centre and St Peter, Mancroft.
Is a ‘deed of postponement’ passed on at cost? Is it included on my conveyancing bill?
An ideal conveyancing quote will clearly list all disbursements and fees. This particular charge, deed of postponement’, is a fee not a disbursement, and should be included in a quote for your conveyancing.
Our estate agent has referred the conveyancing solicitor. Is it a good idea to instruct them?
It is commonplace for estate agents to recommend a law firm to handle your conveyancing. However, if they are paid a referral fee, there is a risk that an agent may choose the conveyancer who pays out the highest referral fee, not the best value for you.
Is gazumping accepted in Norwich?
Gazumping describes when a seller approves an offer, only to dismiss it, opting for a second buyer's offer. There is almost always a danger of gazumping. Instructing a law firm as soon as possible is a key first step to reducing this risk.
Is it wise to get a home survey on a house in Norwich?
We always recommend you to get a home survey done, wherever in the country you are. A survey will pick up on minor and major problems like damp, rot and subsidence, which can save you from buying a defective property. Get a survey done from a reputable company like Surveyor Local.