When do you need to arrange a conveyancer in Rayleigh?
With a 'no move, no fee' guarantee, the sooner you instruct a solicitor, the better. Early instruction of a conveyancing firm can limit the risk of your transaction aborting.
How do you work out stamp duty, and how much do we need to budget for a £67000 property?
SDLT depends on the property's value. Stamp duty will be £0 on a £67000 property.
In a few weeks I am looking to be moving out of our period property in Rayleigh into our new abode in Purfleet . What is the best point to appoint a house removal firm?
The most sensible course of action is to avoid instructing a removal van until all parties have agreed the move date which occurs after signing of contracts.
Try Rochford Removals & Storage Co, Oaktree Ho/Goldsmith Dr, Rayleigh, SS6 9QX on 01702 233377 or I Move 4 U.Com, Unit 7 Imperial Park Ind Est/Rawreth Lane, Rayleigh, SS6 9RS Phone: 0800 707 6177.
I plan to purchase a converted chapel in Mucking. Will a chancel search be appropriate?
The solicitor may suggest that a chancel search is taken out, whichever parish in which the home being purchased is located. Although some Parochial Church Councils have exercised their right to impose chancel repairs on current owners of lay rectorships, it is not possible to be certain that a parish which has not imposed liability will not continue to be so. Even if liability is unlikely, indemnity insurance is a sensible precaution.
Will our Rayleigh property lawyer report back to me about the cost of council tax on a Band A maisonette prior to exchanging contracts?
A property lawyer will speak to the relevant Castle Point local authority to discover the current council tax band and rates, which should be set out in the title report. The latest tax rates for properties in Rayleigh are published at the Castle Point council site. At the time of authoring, 11 October 2012, the different rates are:
- Band A - £1,019.00
- Band B - £1,188.00
- Band C - £1,358.00
- Band D - £1,528.00
- Band E - £1,867.00
- Band F - £2,207.00
- Band G - £2,546.00
- Band H - £3,056.00
How can I guard against gazumping?
Gazumping describes circumstances where a seller approves an offer, only to reject it in favour of another buyer's offer. The danger of gazumping exists for almost any purchase. Consider instructing an efficient solicitor early to reduce the chance of your offer being gazumped.
How much is stamp duty and land transaction tax?
The Stamp Duty Land Tax (SDLT) is based on a trigger threshold of £125,000, followed by a calculation of increasing percentages against the price bands, which are then added together:
- Less than £125,000 = 0%
- £125,000-£250,000 = 2%
- £250,000-£925,000 = 5%
- £925,000-£1,500,000 = 10%
- More than £1,500,000 = 12%
For example, a house bought for £450,000 will trigger SDLT at £12,500 (£0 for the first £125,000, £2,500 for the next £125,000, and £10,000 for the next £150,000 as the price falls in the first three bands).