What amount of time may the legal work to sell a home take? The house being transacted is also in the area.
The amount of time required to transfer a home may vary. This is dependent on numerous issues such as where a party does not quickly respond an enquiry. We ensure your sale, purchase or remortgage receives communicative and proactive service, resulting in the fastest possible outcome.
Will we need a chancel search if we are intending to purchase in the parish of Reynoldston?
Whichever Rumney parish you are purchasing in, a lawyer is likely to recommend a chancel search. Chancel repair can be imposed on current owners of a property where Parochial Church Councils have not imposed the same liability on the last owners, so the solicitor will be unable to make any guarantees, and will recommend insurance.
Is there anything I can do to get out of paying for SDLT?
We firmly advise against any stamp duty mitigation, because these schemes are expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed.
What specific things do I need to look out for if I’m buying a house on the coast?
With worsening weather and floods now becoming increasingly commonplace, with the media remarking on it in depth, buying a property that has a likelihood of flooding is a difficult decision to make. Not only is there the issue of cleaning up if it does flood, but insurance premiums will be much higher (and perhaps even prohibitive).
For homes in coastal areas, there is also the problem of coastal erosion, where some properties have been seen to literally fall into the sea.
However, the good news is that picking a home in a coastal region doesn’t automatically mean that it’s going to be subject to flooding or that it’s eventually going to slip into the sea. The searches ordered by your conveyancing solicitor will identify the level of risk associated with the property and, based on this, your solicitor may recommend that you take out specialist reports (e.g. from Landmark or other organisations) to get a more in-depth description of the risks and options. These are in addition to the standard set and will be charged to you as a disbursement at cost.
Your surveyor will also be able to identify evidence of previous floods and other problems during their inspection and provide advice in their report. If the problems are considered sufficiently severe, the surveyor may also note the specifics for further investigation by your conveyancing solicitor.
What should I do about the transfer of ownership of the utility billing?
It is the responsibility of the former owners to inform the utilities firms (gas, electricity, water, etc.) that they are moving.
You should give your current suppliers at least 48 hours’ notice that you’re moving home and, when you leave your old property, you should take all the necessary readings and send them to your old supplier(s) along with your forwarding address, so that they can send you a final bill and sort out any credit you might be owed.
You should give your new utility suppliers at least 48 hours giving your personal details for the new property. When you move into your new property, you should take all the readings again and send them to the new suppliers so that they have a record of where to start the bills running.