Should I get a survey for this home purchase?
The Royal Institution of Chartered Surveyors advise that South Hornchurch buyers book a home surveyor to carry out a survey if you are planning to buy in South Hornchurch. Buyers should be aware that there are a wide range of concerns which can affect a property, which are not included in your mortgage lender's valuation, such as dry rot.
What are the reasons why conveyancing legal work takes so long?
The legal work required to buy or sell a home can be exposed to significant delays for many reasons. In some cases, the reasons are out of your solicitor's hands, Homeward Legal, however, work hard to minimise their impact wherever it is feasible.
How can I buy the freehold of the building in which I’m purchasing a flat?
When you buy a leasehold flat (usually for a lease lasting a long time), it means that you don’t own the building or the land on which it is built. If you want to buy the freehold of the building (either yourself or with other flat-owners), you’ll need to meet a few legal criteria before that can happen (such as the number of flats, the purpose to which the majority of the building is put to, and the number of flat-owners willing to by the freehold).
One additional point to note is that the shorter the lease on any flat, the greater the price of the freehold is likely to be.
You should talk to other residents about your plan as well as finding out how much the freehold will be and getting a professional valuation. Once you are in a position to move ahead, you’ll need to appoint a solicitor to manage the legal aspect of the planned purchase.
Homeward Legal's solicitors are well-versed in dealing with all types of freehold and leasehold purchases. So call us now on 0800 038 6699 and we'll guide you through the process and assign you to one of the best solicitors.
Will the South Hornchurch conveyancing solicitor get any searches on the London Sixties mid terrace home I am intending to purchase?
If purchasing and applying for a mortgage the mortgage lender insist that a solicitor to get at least specific searches, including the following Local Authority, Drainage and Water Search (CON29DW or personal) and Environment Search and occasionally particular searches, like Subsidence report.
Do you state taking action to defer paying for stamp duty on a house?
Stamp Duty Land Tax is generally payable on property purchases over one hundred and twenty-five thousand pounds. Stamp duty mitigation should not be considered when purchasing in South Hornchurch. These schemes are expensive and often likely to fail. There have been a small number of legitimate initiatives, however, such as for first-time buyers. You will be able to confirm your eligibility for any such active initiatives with your solicitor..