Virgin Money is our mortgage lender, is there anything I need to consider?
Prior to recent changes, most conveyancing solicitors were able to undertake legal work for a lender. In some cases, lenders have limited the firms who can act for them, resulting in higher conveyancing costs for purchasers if their preferred solicitor cannot act for the lender. Homeward Legal, however, will act for many mortgage lenders so that the buyer will not have to pay the lender's legal fees.
We are purchasing a property in the parish of Westminster St Margaret. Will a chancel search be specified?
Whichever Rise Park parish you are purchasing in, a conveyancer could advise a chancel search. Although some parish councils have decided to impose chancel repairs on the current owners of land subject to chancel liability, a solicitor cannot state with certainty that a parish where dues have not recently been paid will not continue to be so. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.
Is it hard to sell a property located in a conservation area?
A conservation area is designated and managed by the local authority to ensure the unique nature of the location is maintained by placing restrictions on changes to the buildings, street furniture and green spaces to protect the architectural or historical interest of everything within the conservation area boundary.
Because of this resistance to change, this usually means homes in conservation areas are more attractive to buyers, and, as such, there may be a premium to pay over properties outside such areas. Because of the attraction of such property, they will usually sell well and quickly. However, there will need to be greater checks by the buyer’s solicitor to verify that your property conforms to the conservation area restrictions, which may add extra time to the duration of the conveyancing.
Homeward Legal's solicitors have a great deal of experience working with sales and purchases in conservation areas, so why not give our team a quick call on 0800 038 6699 right now to find out what we can do to help your plans?
How much will conveyancing searches be?
With Homeward Legal, clients buying in Rise Park charged at most £249 for a standard search bundle. In Rise Park, the standard bundle of searches included a chancel liability search and a local authority search.
Is there any online published record about the conservation areas in Rise Park?
English Heritage now maintain a detailed list in relation to the condition (poor to good) of conservation areas along with the vulnerability to a decline in standards.
Local Rise Park conservation area matters for instance public spaces, coloured road surfaces or neon signs are police by the local authority (Havering).
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.
What will the council tax cost on a period Band H flat in Rise Park?
Your council tax band will typically be reported as part of the conveyancer's title report along with the local council. The latest tax rates for homes in Rise Park are tabled online at the Havering local authority site. On 25 August 2012 the different rates are:
- Band A - £1,001.00
- Band B - £1,168.00
- Band C - £1,335.00
- Band D - £1,502.00
- Band E - £1,836.00
- Band F - £2,169.00
- Band G - £2,503.00
- Band H - £3,004.00
We have a need for fast solicitors in Rise Park, is that you guys?
Frequently property solicitors practices can be too sluggish which can cause large amounts of stress to the house conveyancing process.
Our approach is to employ speed focused productivity systems .
We look after you with property sellers carefully selected solicitor qualified to communicate with the total buyer and seller chain for example managing agent companies, to get a fast move.