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Conveyancing in Stanley Q & A's

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By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 17/04/17

Stanley's nearest airport is Newcastle Airport (12 miles). Stanley's closest train station is Chester-Le-Street.

South Moor Stanley is the neighbouring hospital.

Q.

How do we get a cheap solicitor in Stanley for purchasing a freehold house?

A.

Numerous firms advertise so-called cheap conveyancing quotes, however extra charges will be included in the terms that unknowing sellers and buyers have not reviewed We provide quotes, not estimates, and clearly state the fees for a standard conveyancing.

Q.

When in the conveyancing process is it wise to instruct a solicitor to act on our sale?

A.

With few exceptions, instructing as early as possible is better, as there are a number of tasks that can be performed very early in the process. Prompt instruction of a conveyancing firm to act for you on your Stanley transaction can reduce the likelihood of your purchase or sale stalling.

Q.

I am buying a £965000 residence in Stanley, how is Stamp Duty Land Tax rates worked out?

A.

Stamp Duty will depend on the valuation. Stamp duty will be £38600 on a £965000 house or flat.*

*Accurate as of 12/03/2013

Q.

I am planning to buy with Yorkshire Bank, what will I need to consider?

A.

Some lenders have opted to reduce the size of their 'solicitor panel'. We, however, will act on behalf of all large UK mortgage lenders.

Q.

Is homewardlegal.co.uk able to move fast on the legal conveyancing of property auction properties in Stanley?

A.

Homeward Legal regularly work for auction buyers and sellers. Solicitors invariably encourage buyers at auction to appoint a property conveyancing lawyer before the auction for a review.

Subsequently, immediately after the date of the auction, your property conveyancing lawyer should be focused on briskly get through the purchase in under 28 days, a requirement of terms and conditions of sale.

Q.

How much does the searches cost?

A.

Stanley searches ranges in cost. Searches are disbursements, and are not included in the quoted conveyancing fees.

Q.

I plan to purchase a home in Hartlepool. Is a chancel search specified?

A.

Regardless of the Stanley parish in which you are buying, the conveyancing solicitor may suggest that a chancel search is ordered. In Stanley's much older areas, chancel repair can be imposed on owners of a property where parish councils have previously chosen not to do so. In the event that chancel liability may apply, your solicitor might recommend insurance rather than pulling out of the purchase.

Q.

Is gazumping usual in Stanley?

A.

This describes when a seller agrees to an offer and then dismisses it, opting for another buyer's offer. This may happen weeks into a transaction. The will be a chance of gazumping in any transaction, because offers are not binding until exchange of contracts. Instructing a conveyancing solicitor as soon as possible should help to mitigate this risk.

 
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