Does our conveyancer in Ranmoor inform me about the cost of the council tax for a Band G property before completion?
The property lawyer will contact the appropriate council to find out the most up to date council tax rates, which will then be added to the conveyancing report on title. Correct rates for homes in Ranmoor are listed on the Richmondshire council website. Currently (15 August 2012) band rates are:
- Band A - £1,031.00
- Band B - £1,203.00
- Band C - £1,375.00
- Band D - £1,547.00
- Band E - £1,890.00
- Band F - £2,234.00
- Band G - £2,578.00
- Band H - £3,093.00
How can we determine more data the status of the conservation areas in Ranmoor?
Conservation areas in Ranmoor like upkeep of paths, loft extensions or new developments etc. are governed by the local authority (Richmondshire). English Heritage, a government body, now maintain information about the condition (poor to good) of conservation areas in addition to the vulnerability to standards slipping.
Why is it silly to buy a leasehold with less than 99 years to run?
In large part, if a leasehold drops below 90 years, it’s because mortgage companies will not be willing to lend money to purchase the leasehold. They will almost certainly have a stipulation on the length of the leasehold as part of their criteria for lending.
Most buyers are very aware of this and the trend is for an insistence of the sellers to provide an extension back up to the 99-year or 125-year thresholds before considering its purchase. Otherwise, even if you can finance it, eventually you’ll have to consider the legal cost of extending the lease yourself.
In about four weeks we are preparing to move from our terraced residence in Ranmoor to a flat in Parson Cross . At what stage to select a house removal firm?
It is prudent to is for buyers to wait before making arrangements with a removal company until such time as all parties have agreed a date which happens once final contracts are signed. Try Moveasy, St. Francis Cl, Sheffield, S10 5SX Call: 0114 291 9614.
Can I withdraw my offer on a property at any time?
When you make an offer on a house that has been accepted by the vendor, you can ask them to take it off the market as part of the acceptance. If you are selling, you can show your intent by agreeing to remove it from other potential buyers’ interest.
As a buyer, you can withdraw your offer at any time (and, as a seller, you can reject an offer at any time) up to the exchange of contracts, which means you are now legally committed to go through with the transaction at the agreed price. You should check your contract with both the estate agent and your conveyancing solicitor as there may be fees and other penalties associated with pulling out of the transaction after the offer was initially agreed.
If you decide to withdraw from the contract after exchange, then you are in breach. This means, if you’re the buyer, the seller is entitled to keep whatever agreed sum has been set for the deposit, and could claim damages; as the seller, you will be liable to pay interest accrued during the Notice to Complete period as well as the deposit, and the potential for claiming losses, and the buyer has to return everything about the property at the seller’s expense.
What do fixtures and fittings refer to?
Buyers in Ranmoor are frequently confused by the vagueness surrounding what fixtures and fittings are included in a purchase. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction, and this makes a fixtures and fittings form so necessary.