Will I need to get a chancel search? We are purchasing in Sheen Park.
Repair costs resulting from chancel liability can total hundreds of thousands of pounds. Owners who have bought property prior to 2003 may be totally unaware that a liability exists if a chancel search was not carried out. A conveyancing solicitor will be able to advise as to whether a chancel search is necessary, and recommend suitable insurance.
What steps can we take to circumvent paying out for stamp duty to HM Revenue?
Stamp duty usually must be paid for property sold for over £125,000. Stamp duty avoidance is not recommended, as such schemes are costly and the HMRC can review a scheme up to 6 years after a sale is completed . There have been certain official schemes, however, such as disadvantaged area relief.
What sort of inquiry into the potential risk of floods at Richmond Upon Thames will a Sheen Park property lawyer look into?
A conveyancing lawyer conducts property environmental searches that incorporate Sheen Park historical flood risk data. Depending on the results, the Sheen Park conveyancing solicitor may possibly advocate an inexpensive (around twenty pounds) and more local Sheen Park area search.
Would acquiring a building survey be sensible when we are buying a house or flat, regardless of its age?
We strongly advise that property purchasers instruct a home surveyor to perform a survey if purchasing in Sheen Park. There can be many issues that can negatively affect a property, that a lender's valuation survey, for example, will not cover. These include cracks around door frames or rotten roof timbers.
We plan to buy a residence in the parish of St Marylebone Christ Church. Is a chancel search compulsory?
The solicitor may suggest that a chancel search is ordered, whichever parish in which the property being purchased is found. In older areas of Sheen Park, chancel repair has the potential to be imposed on the owners of a property where Parochial Church Councils may have spared previous owners or tenants. Even if liability is unlikely, indemnity insurance is a sensible precaution.
Is contaminated land in Sheen Park a concern?
Residential property in Sheen Park could be contaminated by a broad range of human activities, such as military land. An environmental search will give more information.
My friend has experience of handling the legal work as a buyer of a flat , Is it prudent to take care of all of the legal work myself?
Technically there is no reason why you cant look after the legal and technical work yourself.
The truth is however that a conveyancing solicitor typically handles a long list of exercises e.g. identifying and arranging appropriate indemnity or representing the mortgage lender some of which really need a skilled professional.
Nevertheless lawyers are obligated to possess the correct insurance cover that ultimately protects you from any losses you encounter.