Can I change the purpose of use for a purchase as part of the conveyancing procedure?
Putting in a planning request to change the use of part or all of a property is a straightforward process and you can deal directly with the local authority, which authorises plans and requests. However, tying it in with a planned purchase of a property has its own problems, since you don’t yet formally own the property, and the length of time to get through the planning process (with no guarantee of success) will need to be factored into the purchase duration, which the seller may not agree to.
We would advise you to either buy the property and then put in the planning request after completion (or exchange at the very earliest), or buy a property that’s already fit for your purposes. Or you might be lucky to find a property that already has the relevant planning consents in place.
How is stamp duty worked out, and what will it be on a £280000 Rudry property?
The Stamp Duty Land Tax due is based on the valuation. Stamp duty will be £8400 on a £280000 property.*
*Accurate as of May 2012
Are Homeward Legal able to move fast on the conveyancing of residential property auction properties in Rudry?
Our team prepare legal packs for vendors and commonly act for buyers at auction. It is critical bidders to pick a lawyer as early as possible so there is time for a detailed report of the sellers legal pack well before the property auction date.
Subsequently, immediately after the auction day itself a prepared lawyer will be fully prepared to get through the legal side of things inside the 28 day time frame, a requirement of auction conditions.
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).
I am planning to sell our co-owned building in a hurry at a Rudry property auction, does your panel work with any fast Rudry conveyancers ?
Usually property solicitors are far too easy going which causes large amounts of stress to the home selling process. We only ever allocate you to company which endeavour to communicate end to end throughout the chain property chain (line of buyers and sellers) .
Additionally , our expert panel of conveyancing solicitors are picked because they utilise the latest e conveyancing technology to complete the legal process asap.
I am concerned about council tax charges on a Thirties converted property in Rudry, how much are they?
In most cases a conveyancer's title report should provide the Cardiff council tax band. Up-to-date rates for residents of Rudry are detailed at the Cardiff council site. At the time of writing (09 March 2013) the different rates are:
- Band A - £738.47
- Band B - £861.55
- Band C - £984.63
- Band D - £1,107.71
- Band E - £1,353.87
- Band F - £1,600.03
- Band G - £1,846.18
- Band H - £2,215.42