Is it hard to sell a property located in a conservation area?
A conservation area is designated and managed by the local authority to ensure the unique nature of the location is maintained by placing restrictions on changes to the buildings, street furniture and green spaces to protect the architectural or historical interest of everything within the conservation area boundary.
Because of this resistance to change, this usually means homes in conservation areas are more attractive to buyers, and, as such, there may be a premium to pay over properties outside such areas. Because of the attraction of such property, they will usually sell well and quickly. However, there will need to be greater checks by the buyer’s solicitor to verify that your property conforms to the conservation area restrictions, which may add extra time to the duration of the conveyancing.
Homeward Legal's solicitors have a great deal of experience working with sales and purchases in conservation areas, so why not give our team a quick call on 0800 038 6699 right now to find out what we can do to help your plans?
Why is it silly to buy a leasehold with less than 99 years to run?
In large part, if a leasehold drops below 90 years, it’s because mortgage companies will not be willing to lend money to purchase the leasehold. They will almost certainly have a stipulation on the length of the leasehold as part of their criteria for lending.
Most buyers are very aware of this and the trend is for an insistence of the sellers to provide an extension back up to the 99-year or 125-year thresholds before considering its purchase. Otherwise, even if you can finance it, eventually you’ll have to consider the legal cost of extending the lease yourself.
Can beryllium contaminate Spondon soil?
There are regulations in place in order to limit soil contamination. Environment search results will factor contaminants, including metals and others such as disinfection by-products and groundwater contamination.
What are our options if we buy a property in a Derby council designated conservation area ?
Part of the legal due diligence when buying a property includes ordering of LLC1 searches of Derby local authority to confirm conservation area status and the appropriate consent for modifications. Should no necessary permissions be supplied, your solicitor will inform you of all options which can include purchasing an indemnity insurance or seeking retrospective permission.
How long does it take to move house?
Those new to buying property are often surprised by how long the process can take from start to finish. There are several factors that come into play when determining how long your transaction will take from having your offer accepted to moving into your new home: The number of people involved in the chain (the shorter it is, the easier to manage and therefore shorter in duration potentially), problems with one or more buyers in the chain getting a mortgage offer, communication, management and many others.
The greatest time that needs to be set aside is for the conveyancing, which is the complex legal process of transferring ownership of the property from seller to buyer, replicated along the entire chain. Typically, the conveyancing can take an average of between eight and twelve weeks to complete, so, in reality, you should be thinking in terms of months.
However, if you appoint a results-focused and proactive solicitor, who will do everything possible to reduce the length of time, including talking to everyone involved in the chain, pushing for swift return of forms and documentation, and using modern technology to drive the process forward, you will stand a better chance of the conveyancing being a lot shorter. And the earlier you appoint them, the quicker they can get started on your transaction.
Looking for great conveyancing where our solicitors work hard to deliver your completion as early as possible? Call Homeward Legal on 0800 038 6699 to find out how low our fees are.
How do we calculate stamp duty tax, and what will it be on a £322000 Spondon house?
SDLT in Spondon is dependent on a small range of considerations, including the property's value. On a £322000 house or flat, stamp duty will be £9660.*