What are searches, and how do they differ from a survey?
Searches are a set of enquiries carried out by your surveyor to various authorities such as the local council, HM Land Registry, etc., and focuses on the impact of the local area on your potential enjoyment of living at the property, while a survey (a HomeBuyer Report or Building Survey) is focused on the structural integrity of the home and its permanent outbuildings and constructions.
While each may throw up similar issues (such as missing planning consents or boundary issues), they are very different and achieve very different purposes.
Our solicitors at Homeward Legal are willing and happy to explain anything you don't understand in the conveyancing, because you need to know what you're getting for our competitively-priced fixed fee. Call our team on 0800 038 6699.
What precautions can we take to hold off paying out for HMRC stamp duty?
Stamp duty reduction scheme must be treated with caution, as such schemes are costly and the HMRC can review a scheme up to 6 years after a sale is completed .
What causes Oldham property legal work for a purchase to have so many delays?
The conveyancing process will occasionally be delayed. We seek to reduce their consequences where feasible to do so. Reasons for delay include slow solicitors acting for the other side.
How long should conveyancing legal work usually require, on average? We have a buyer ready.
The length of time needed to sell or purchase a residence does vary. This is influenced by a number of legal considerations such as if the lender requires specific searches. With Homeward Legal's Oldham property experts, every purchase receives communicative and proactive service, resulting in the fastest possible outcome.
The property being purchased is on a ex-industrial site. Is the soil likely to be contaminated?
Oldham's local area has a history of contamination from agriculture or industry, like much of the UK. The local authority for Oldham will be able to provide more detail on cases of contamination.
Which actual conveyancing searches will my Oldham property lawyer order for a Oldham property?
The standard procedure is to obtain Local Authority (personal or official), Drainage and Water Search (CON29DW or personal), Environmental and Coal Mining (Con29M) and, depending on certain criteria, unique particular e.g. a Chancel check Search.
How is stamp duty calculated in Oldham and what should we budget for a £666000 property?
Stamp Duty Land Tax in Oldham is dependent on the property's price. Stamp duty will be £26640 on a £666000 home.*
*Source: www.hmrc.gov.uk, 01/02/2013
Which environmental factors can impact land in Oldham, and will they be checked for thoroughly?
A range of contaminants caused by human activities can harm the resale value of residential property in Oldham . Issues including shallow mining or waste treatment sites in the area should be reported on during conveyancing searches. Contamination in Oldham can be caused by local waste sites, such as Burnedge Lane, Grasscroft, OL4 4DZ.