What do we need to calculate stamp duty, and what will we need to pay on a £351000 residential property?
SDLT in Ravensthorpe depends on the purchase price. Stamp duty will be £10530 on a £351000 house or flat in Ravensthorpe (information correct May 2012).
Apparently, tin soil contamination may be an issue in Ravensthorpe. Can you advise?
Restrictions exist to control soil contamination, some contaminants, however, can impact the local environment years after exposure. Metal contamination of soil in Ravensthorpe is more likely to occur near former industrial sites. Data on other contaminants, like industrial storage and water contaminants such as petrol, will also be included in an environmental search.
Handling the legal work without instructing a Ravensthorpe solicitor is becoming possible as a seller of a house. Would it be shrewd ?
Legally speaking there are no arguments why a seller shouldn't undertake the legal work on your own.
That said, a solicitor typically handles a large array of activities e.g. approving contract or collating and preparing contract and package most of which are more safely handled with appropriate a qualified professional. Nevertheless legal firms always take out appropriate indemnity insurance in order to protect you from any professional failures.
Do I need to get a property survey?
The Royal Institution of Chartered Surveyors strongly advise that home buyers arrange a property surveyor to perform a survey. There can be many problems that affect a property. These include settlement.
Is the buyer or seller responsible for the searches?>
It is you, as the buyer, who is responsible for checking that all is well with the property you are buying. This is why your conveyancing solicitor will order a set of standard searches (Local Authority, Water and Drainage, Environmental, and Chancel Repair – these are also the searches requited by your mortgage lender), plus additional searches dependent on the property, recommendations from the surveyor in the survey report, and the location and history of the area.
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If I’m renting out rooms in my house, do I need to appoint a solicitor?
No, you don’t, because there is no legal imperative for you to do so. However, it’s not as straightforward as simply leasing out a room to a renter because there are certain provisions that must be met in order to protect you as the renter and the person renting the room.
This depends on the room and where it is in the property, state of the plumbing, insurance, and a number of other factors. You’ll also need to draw up a tenancy agreement to ensure demarcation and rights for both parties. While you won’t necessarily need a solicitor involved, it’s worth contacting a letting agency who will have the experience and knowledge to ensure you have everything in place. Be aware that any advice you seek from professionals may come with a fee, so it would be worth shopping around first.
Is gazumping common practice in Ravensthorpe?
Gazumping occurs when an offer is accepted but then rejected by the home owner, choosing instead a higher offer. The will be a risk 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 your transaction being gazumped.
Do you have fast solicitors that advise on the conveyancing of property auction properties in Ravensthorpe?
Our recommended conveyancing firms in Ravensthorpe commonly act for sellers at auction. Homeward Legal strongly advocate purchasers to choose an experienced solicitor well in advance of the auction day to allow adequate time for a title report. Following the date of the auction you are the property lawyer will be focused on get through the purchase legal work within 28 days after exchange of contracts as usually required by the conditions of sale.