As a result of the serious flooding in York, Leeds and across Yorkshire I am thinking that flood risk searches aren't exacting enough?
Flood risk searches applied for by the property solicitor in Royston will include the more in depth flood search if it is felt necessary.
Sometimes buyers contact a neighbour of the property for that added local history.
I am buying a unique flat in the boundary of conservation areas, where can I locate details concerning the standard of repair?
Conservation areas in Royston are set up by the local authority (South Cambridgeshire) who police everything from paths and footpaths to the hindrance of neon signs.
English Heritage have put together a detailed list on the condition (poor to good) of conservation areas as well as the risk of a worsening of the condition of the area.
How can we stop being gazumped?
This is widespread across England and Wales and takes place when a property owner acknowledges an offer, only to refuse it in favour of another buyer's offer. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a chance of being gazumped. You should instruct a conveyancing solicitor early to reduce the chance of gazumping.
What is stamp duty and land transaction tax?
Stamp Duty Land Tax (SDLT) is a proportion of the final sale price of a property payable to HMRC by the buyer. The current trigger threshold is for any property priced at £125,000 or over (unless you’re a first-time buyer, in which case you pay less or no tax for properties priced at less than £500,000). Your solicitor will handle the transfer of the tax as part of the final tasks on your conveyancing.
In Scotland, buyers have to pay Land and Buildings Transaction Tax and, in Wales, the Land Transaction Tax is triggered at properties priced over £180,000.
In all cases, the amount payable is based on a sliding scale as the price goes up as a proportion of that range added together than an overall flat tax amount or percentage. So, the higher the price goes up, the greater the amount of tax you have to pay.
What are searches, and how do they differ from a survey?
Searches are a set of enquiries carried out by your surveyor to various authorities such as the local council, HM Land Registry, etc., and focuses on the impact of the local area on your potential enjoyment of living at the property, while a survey (a HomeBuyer Report or Building Survey) is focused on the structural integrity of the home and its permanent outbuildings and constructions.
While each may throw up similar issues (such as missing planning consents or boundary issues), they are very different and achieve very different purposes.
Our solicitors at Homeward Legal are willing and happy to explain anything you don't understand in the conveyancing, because you need to know what you're getting for our competitively-priced fixed fee. Call our team on 0800 038 6699.
How will a solicitor in Royston report on the risk and history of possible flooding in Royston?
A key part of the conveyancing protocol of buying a property involves the conveyancing solicitor making an application for environmental searches that give information regarding Royston flooding. Additionally a conveyancing solicitor in Royston may possibly advise a significantly more detailed local Royston flood risk search.
Should I accept an offer on my home if I haven’t found one to buy?
From your prospective buyer’s standpoint, they are not going to want to wait around for you to find somewhere to move to necessarily, meaning that they might drop out of the process to look for a property that is more readily available. However, you might want to have the discussion with your estate agent as to the best way to manage this as part of the process of putting your house on the market.
It’s not always going to be easy for everyone in the chain to have everything lined up from mortgage offers, sale price agreements, solicitors, surveys and so on. Therefore, you can be honest and tell your prospective buyer that, while you’re accepting the price, you haven’t completed your part in the chain; if they are unhappy with this, your other option is to consider a short-term rental or moving in with friends temporarily to protect the sale.
With our experienced solicitors at low, fixed-fee quotes with 'No Completion, No Fee' protection, Homeward Legal is in the best position to look after your conveyancing. Call us now on 0800 038 6699 to get started.
Unfortunate personal circumstances dictate that we ideally want to move along quickly and exchange on the legal work on a share of freehold flat in as short a time as possible, do you any property auction specialist fast solicitors in Royston ?
Frequently house buying and selling lawyers can be far too slow causing unnecessary uncertainty to the home conveyancing process.
Homeward Legals CQS solicitors approach is different as we use modern technology and practice management systems . Critically , we always assign a firm practiced at communicate up the buyer and seller property chain .