For a fast exchange and completion on the purchase of a £526,000 home, what should we do?
The key to fast conveyancing is to use a communicative solicitor. There are a number of tasks you, as the purchaser, can do, such as, completing all forms as soon as possible, requesting regular updates from your solicitor and keep the pressure on and confirming your mortgage offer.
Do your lawyers advise on the conveyancing for property auction properties in Saffron Walden?
Yes - Our firm do frequently take instructions from auction buyers and sellers. We tend to advocate buyers at auction to appoint a CQS conveyancing solicitor in advance of the auction for a review of the legal pack.
Immediately following the actual auction, the lawyer is focused on conclude the legal work in under 28 days as usually required by the terms of sale.
Do I need a building survey?
We firmly recommend that most Saffron Walden buyers book a house survey if buying in Saffron Walden. It is a fact that there are a wide range of concerns which affect a property, which include failed double glazing, and these will not be addressed by your conveyancing solicitor.
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.
Which Saffron Walden mortgage lender panels are you on?
We can work with all the major lenders serving Saffron Walden homebuyers. Saffron Walden lenders and mortgage specialists include JLM Mortgage Services Ltd, Brook Cottage/Middle St, Clavering, Saffron Walden, CB11 4QL.