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Conveyancing in Solihull Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 22/04/17

The closest airport to Solihull is Birmingham Airport. Coventry Airport is 14 miles and Wolverhampton Business Airport Airport is 22 miles away. The closest station to Solihull is Solihull.

Drivers are well served with Solihull being well placed with good major road access very close at 1 mile off the M42 Junction 5 Westbound.

Solihull is the most convenient hospital.

Q.

I am looking for the cheapest conveyancing quote. How do we get a quote?

A.

Both high-street and online property lawyers claim to offer supposedly cheap conveyancing. Often additional charges are often hiding in the terms and conditions that unknowing buyers and sellers have not reviewed Any disbursements should also be clearly stated on any quote for conveyancing in Solihull Any extra costs listed in terms of engagement should be fair and reasonable. The online quote calculator can generate an accurate statement of the legal fees for the property you plan to buy.

Q.

Which Solihull areas are eligible for stamp duty relief?

A.

Solihull disadvantaged areas are identified by local ward. Disadvantaged areas in Solihull include Smith's Wood, Chelmsley Wood, Fordbridge and Kingshurst. Update: As of the 2013/14 tax year, stamp duty relief for disadvantaged areas is no longer available.

Q.

How frequent is gazumping?

A.

The custom of rejecting a previously accepted offer when a better one is made by another buyer is known as gazumping. The danger of getting gazumped is present in any transaction. Instructing a fast, efficient solicitor as soon as you can to handle your transaction should help to reduce the likelihood of gazumping.

Q.

For a lender, we have chosen Yorkshire Building Society - is there anything I need to know?

A.

Traditionally, it was usually straightforward for solicitors to act for both a buyer and their lender. Recently, a number of lenders have reduced the number of firms on their approved panel, potentially creating greater legal costs for home buyers. Homeward Legal, however, can act on behalf of many mortgage lenders.

Q.

What is the council tax on a period semi-detached property in Solihull?

A.

More often than not the conveyancing report on title will include the Solihull council tax band.

Correct charges for Solihull are set out in detail at the Solihull local authority website. At the time of authoring on 04/10/2012 band rates are:

  • Band A - £891.00
  • Band B - £1,040.00
  • Band C - £1,189.00
  • Band D - £1,337.00
  • Band E - £1,634.00
  • Band F - £1,932.00
  • Band G - £2,229.00
  • Band H - £2,674.00

Q.

Is it dangerous to hold off paying for stamp duty to HM Revenue?

A.

Stamp Duty Land Tax commonly must be paid for residential property valued at over £125,000. We do not recommend any stamp duty scheme. These schemes are often uneconomical and , if a scheme is challenged, you can be fined up to 100% of the amount owed, in additional to the tax itself. There have been certain government-sponsored schemes, such as relief for buyers in 'disadvantaged areas', and your solicitor will advise if these may apply.

Q.

We are moving in Solihull, and have a quote from you. Are there any hidden fees?

A.

Unfortunately, hidden fees are relatively common. Homeward Legal do not charge any extra, hidden charges. You Solihull conveyancing quote is an single, accurate price.

Q.

What conveyancing searches should the property lawyer in Solihull order when instructed on a Solihull home?

A.

The normal conveyancing protocol will be to obtain the following Local Authority (personal or official), Drainage and Water Search, Environment Search and Limestone Search and, depending on certain criteria, less common searches for example a SIM.

 
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