We are purchasing a £209k Seaford property. What will be worked out for stamp duty tax?
The Stamp Duty you will owe is based on the purchase price. It is £2090 on a £209k home.*
*(Source - www.gov.uk, 01/02/2013)
Is there a benefit to going to auction over a standard estate agent sale?
The majority of homes sold via an estate agent will be in a reasonable condition and usually modernised, whereas auction properties will often require a lot of modernisation or structural work before it can be lived in. That’s not to say you can’t use either for your sale, of course, irrespective of the state of the property.
Whichever option you choose, you should line up a focused, proactive solicitor on a fixed-fee agreement protected by a ‘No Completion, No Fee’ guarantee. You should appoint them as early as possible, too, so that the conveyancing work can start immediately – this is particularly important for auctions, as there is usually a four-week completion stipulation on its sale.
At Homeward Legal, we offer you’re the best quality service on all types of sale and purchase, including auctions, for competitively low fees protected by our 'No Completion, No Fee' guarantee. Try our online quote calculator or call our team on 0800 038 6699.
Our lender will be the Co-operative Bank, what will I need to consider?
In some cases, lenders have reduced the number of firms able to act for them. We are able to act on behalf of many lenders to keep legal costs to a minimum.
In 2 months we are looking to move out of our detached home just outside Seaford into a new flat in Rye . At what point to select a house removal firm?
Most conveyancers will advocate that buyers hold off organising removals until after the contracts have exchanged because a home moving date wont have been formally agreed. Try Home 2 Home Moves, 50 Dane Road, Seaford, BN25 1DU Phone: 01323 873874 or Better Moves Of Eastbourne, 11a Hawth Pk Rd, Seaford, BN25 2RE Tel: 0800 783 7360.
What do 'conveyancing searches' bear upon?
Searches are a commonly-used set of questions requested by your conveyancing solicitor. Conveyancing searches only relate to legal facets of the purchase.
What’s the difference between exchange of contracts and completion?
When you exchange contracts, this means that you are agreeing to all the terms drawn up within the contract made between you on one side of the transaction, and the opposite party on the other side. It is from this point that you are legally obliged to go through with the transaction (unless you want to be subject to financial and/or legal penalties).
The completion of contracts is the point where you officially take over ownership of the property, receive the keys and can move in. All monies are transferred between the various parties and the conveyancing solicitor contacts the Land Registry to register the change of ownership to you.
Confused by the jargon in conveyancing? Let Homeward Legal's straightforward and clear service help guide you to as early a completion as possible. Try our online quote generator or call us on 0800 038 6699.