If my family are buying in Robertsbridge near a 14th Century 'church furlong', should you get a chancel search?
Property owners in a neighbourhood near an old church building are expected to contribute towards repairs, as a result of chancel repair liability. Parochial Church Councils in Robertsbridge must register their interest over property by October 2013, simplifying the chancel search process. Your conveyancing lawyer will suggest an appropriate indemnity policy to address chancel liability.
Bank of Ireland Mortgages is our mortgage lender - what will I need to know?
When taking out a mortgage to buy a property, legal work must be undertaken in relation to the mortgage. Buyers should be aware that some lenders are now limiting the firms who can act for them, which may result in greater conveyancing costs for house purchasers. We are able to act on behalf of most CML-approved lenders, keeping buyers' legal costs to a minimum.
What environmental concerns can affect land in Robertsbridge, and are they properly investigated?
Numerous of contaminants could lessen the value of property in Robertsbridge, such as masts or pylons or proximity to landfill sites. An environmental search can provide much more clarity. Contamination can be caused by Robertsbridge waste sites, including Robertsbridge Gypsum Works, East Sussex, TN32 5LA.
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).
For a fast conveyancing process on the purchase of a £194k house, what do we need to organise?
The key to fast conveyancing is to use a proactive solicitor. Beyond that, there are numerous things you can do to speed up your conveyancing, such as, keeping in regular contact with your solicitor, arranging your mortgage offer and answering any queries raised by your solicitor as soon as possible.
If I am intending to purchase in the parish of Hastings All Saints, do we need a chancel search?
A conveyancing solicitor may suggest that a chancel search be taken out. Although some Parochial Church Councils have chosen to exact chancel repairs on owners of land subject to chancel liability, it is not possible to be certain that a parish where dues have not recently been paid will not continue to be so, so indemnity insurance may be advisable even if liability is unlikely.
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?
Is a home buyers survey required when we are purchasing a property?
It is advised that all purchasers in Robertsbridge instruct a property surveyor. A wide range of defects will impact a property, such as subsidence, and these will not be addressed by your conveyancing solicitor.