What sort of environmental conveyancing searches as respects the risk and history of floods in the Wrexham region will a Ruabon property solicitor be able to apply for?
The lawyer conducts standard environmental searches that incorporate Ruabon historical flood risk information. At the time of writing (21/02/13) indications at the Environment Agency do not list any active flood warnings in Ruabon.
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).
Which local authority is responsible for Ruabon?
Ruabon is located in Wrexham County Borough Council, The Guildhall, Wrexham, LL11 1AY Tel: 01978 292000
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 can I buy the freehold of the building in which I’m purchasing a flat?
When you buy a leasehold flat (usually for a lease lasting a long time), it means that you don’t own the building or the land on which it is built. If you want to buy the freehold of the building (either yourself or with other flat-owners), you’ll need to meet a few legal criteria before that can happen (such as the number of flats, the purpose to which the majority of the building is put to, and the number of flat-owners willing to by the freehold).
One additional point to note is that the shorter the lease on any flat, the greater the price of the freehold is likely to be.
You should talk to other residents about your plan as well as finding out how much the freehold will be and getting a professional valuation. Once you are in a position to move ahead, you’ll need to appoint a solicitor to manage the legal aspect of the planned purchase.
Homeward Legal's solicitors are well-versed in dealing with all types of freehold and leasehold purchases. So call us now on 0800 038 6699 and we'll guide you through the process and assign you to one of the best solicitors.
We are worried about the council tax amounts on a period end of terrace home in Ruabon, how much are they?
Ordinarily, the conveyancer's title report will include the relevant Wrexham council tax band. The correct rates for properties in Ruabon are published online at the Wrexham local authority site. At the time of authoring on 31 October 2012 rates are:
- Band A - £777.32
- Band B - £906.87
- Band C - £1,036.43
- Band D - £1,165.98
- Band E - £1,425.09
- Band F - £1,684.19
- Band G - £1,943.30
- Band H - £2,331.96