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Conveyancing in Ravenshead Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 16/10/17

Local data:

Ravenshead's nearest train station is Newstead and Ravenshead's closest airport is Tollerton, Nottingham City Airport. East Midlands Airport is 20 miles, Tollerton Airport is 13 miles, Gamston Airport is 16 miles and Sheffield City Airport is 23 miles away.

Park Arnold is the closest hospital to Ravenshead.

Q.

How do I get a discount conveyancing quote in Ravenshead?

A.

This catches out many buyers, and can leave them paying far more in fees than they budgeted. Many law firms claim to offer 'the cheapest conveyancing quotes', but extra charges are frequently hidden in the terms of engagement. A quote should list the disbursements to be paid.The online quote calculator can generate an accurate statement of the legal fees for the property you plan to buy.

Q.

I am buying a £1.038mil property in Ravenshead, how is stamp duty calculated?

A.

Stamp Duty Land Tax will depend on the house or flat's price. On a £1.038mil house, stamp duty will be £51900.

Q.

Of main Ravenshead lenders, who is on your panel?

A.

Of lenders with local branches in or near Ravenshead, Homeward Legal work with the vast majority. Lenders and mortgage specialists in Ravenshead include Independent Mortgage Shop, 45A Plains Rd, Nottingham, NG3 5JU, TFC Mortgages & Loans, Castle Cavendish Business Centre/Dorking Rd, Nottingham, NG7 5PN, and Ark Fiscal Solutions Ltd, Enterprise House/5 Newton Rd, Tibshelf, Alfreton, DE55 5PH.

Q.

How soon is it appropriate to instruct a solicitor to handle our purchase?

A.

In simple terms, the earlier in the process you can instruct a solicitor, the better, as there are a number of tasks which may be carried out very early in the process. Instructing a firm early for a purchase enables you can shave days off the process by having the details of your instructed solicitor ready when you make an offer, or, if you are selling a property, relevant information can be sourced sooner (this is particularly true for leasehold properties).

Q.

We are going to buy a property, and have a quote from you. Are there any hidden fees?

A.

We do not charge any additional costs. Some solicitors only estimate conveyancing costs. The final bill you receive may be much more.

Q.

Is gazumping usual in Ravenshead?

A.

This describes when a seller accepts the first buyer's offer and then refuses it, selecting instead a greater offer. Gazumping may happen even months into a purchase. The will be a danger of getting gazumped in any transaction, because offers are not binding until exchange of contracts. You should instruct your conveyancing solicitor as soon as you can to reduce the chance of gazumping.

Q.

Could Ravenshead soil be contaminated by nickel?

A.

Metal contamination may have occurred throughout Ravenshead, but an area will only be identified as 'contaminated land' if the risk to human life or the environment is deemed unacceptable. The local authority for Ravenshead will be able to provide more detail on cases of contamination.

Q.

As a result of the extensive flooding in Sept 2012 in the East Midlands I am wondering whether conveyancing searches won't be exacting enough?

A.

A competent Ravenshead solicitor will recommend that you apply for property conveyancing searches if the standard searches determine a significant risk of flooding in Ravenshead.

It could be worth trying to also get in touch with a neighbour for further local information.