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Conveyancing in South Woodford Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 24/07/17

Drivers are well served with South Woodford enjoying good motorway access roughly a mile of Junction 4 Northbound of the M11.

South Woodford's closest station is Wood Street. South Woodford's closest airport is London City Airport (6 miles). Heathrow Terminals 1 2 3 Airport is 22 miles, London Heliport Airport is 13 miles, Heathrow Terminal 5 Airport is 24 miles, Heathrow Terminal 4 Airport is 23 miles, Northolt Jet Centre Airport is 19 miles, Elstree Airport is 16 miles, London Biggin Hill Airport is 19 miles and Stansted Airport is 23 miles away.

Ilford, Roding is the most convenient hospital.

Q.

Please confirm the cheapest fee for a £742,000 property? I am looking for an affordable conveyancing estimate.

A.

Various firms offer so-called cheap conveyancing. However additional costs can inflate your solicitor's invoice. Any extra costs which are listed in terms and conditions needs to be reasonable and clear. We offer quotes, not estimates, and clearly state all legal fees you pay for a standard conveyancing transaction.

Q.

What kind of exploration in respect to the potential risk of floods in the Redbridge region will a property lawyer in South Woodford advise on?

A.

A critical step in the legal due diligence process of purchasing a property involves your lawyer conducting environmental searches that set out certain details on the local South Woodford flood risk.

Q.

Should we get a Homebuyer Report for the house purchase?

A.

It is suggested that all purchasers book a house survey. Many problems affect a property, for example corrosion of pipework. These will not be reported on by a solicitor.

Q.

Property lawyers in South Woodford order formal searches if acting for a buyer - which specific searches?

A.

When taking out a mortgage the lender insist that at least specific searches, including the following Local Authority, Drainage and Water Search (CON29DW or personal) and Environment Search and perhaps less common searches, which might include Anti Money Laundering Search.

Q.

Is there a government body any online record on the standard of conservation areas in South Woodford?

A.

Conservation areas in South Woodford for example the historic layout of roads, the addition of stone cladding or street guard rails are regulated by the local authority (Redbridge). Following a campaign, English Heritage have put together records in relation to the state of conservation areas as well as the risk of a decline in standards.

Q.

If I am buying in the parish of Haggerston St Mary, will we need a chancel search?

A.

Your solicitor instructed to handle the transaction could recommend a chancel search. Although some Parochial Church Councils (PCCs) have opted to impose chancel repairs on the owners of land subject to chancel liability, there is no way to be certain that a parish where dues have not recently been paid will continue to be unaffected.

Q.

I am on a deadline and would like guarantee fast conveyancing, what can we do to accelerate the transaction?

A.

Firstly, a fast transaction is key is to use a experienced conveyancer. When identifying an appropriate a conveyancer, ask yourself the following: Do they offer 'no move, no fee' protection? This can incentivise a faster transaction. Do they offer 'instant' online quotes? Do they use email?

Q.

How is stamp duty rates calculated, and how much should it be on a £697000 residential property?

A.

The Stamp Duty which will be owed is calculated with reference to the property's price. Stamp duty will be £27880 on a £697000 house or flat (correct March 2013).

 
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