Which local factors can contaminate land in Nunhead, and will they be comprehensively investigated?
Residential property in Nunhead would be contaminated by a range of natural causes and human activities, and an environmental search will reveal the extent to which a property can be impacted by local contaminants including waste disposal sites and other sources of contaminated land.
If I’m putting my furniture and other things in storage, will the process take longer?
There shouldn’t be any reason why your move would take longer than a standard removal if you are pitting your belongings into storage. In fact, in some instances, it might be beneficial for the chain and your completion on the sale, since you are likely to incur fewer delays in the process because you can put your furniture and other things in storage before the event.
Whatever your plans, it’s worth mentioning them to your conveyancing solicitor so that they know the logistics on the day of completion, and may even be able to provide advice and pointers on what to consider before the day to ensure things move more smoothly.
How much can the fees for our conveyancing searches total?
Searches range in cost. Conveyancing searches are disbursements.
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.
Should I organize a private purchase of items on the Fixtures and Fittings form?
This would be very unwise as the Fixtures and Fittings Form (TA10) forms part of the contract, and it lists all the items that the seller is planning to leave at the property with an agreed price for anything they want money for.
To try to organise a private sale outside of this clear and controlled process may result in difficulties later on in the process, which is precisely why this form is in place. If you want something to remain that’s not listed on the Fixtures and Fittings Form, raise a query through your solicitor so that negotiations may be formally carried out.
Worried about what your responsibilities are in the legal side of your move? Let Homeward Legal help with their experience and low fixed fees. Call our team now on 0800 038 6699.
What type of exploration into the risk of a flood to properties in Southwark will a Nunhead property solicitor go into detail on an investment property we are buying?
A residential property conveyancing solicitor conducts conveyancing searches that incorporate Nunhead flood risk area data information.
Santander is our lender - what do I need to be aware of?
Buyers in Nunhead should be aware that a small number of lenders have limited the firms who can act for them, resulting in increased legal costs for buyers in cases where the conveyancer cannot act for their lender, and another must also be instructed. Homeward Legal, fortunately, are able to act for many lenders, keeping buyers' legal costs to a minimum.
What do I need to be aware of if we invest in a period house in a Lewisham local authority conservation area ?
An integral part of the legal due diligence when buying a property involves making enquiries of Lewisham local authority to ascertain conservation area status and the appropriate formal approval for alterations. .