What do we need to be aware of if we acquire a maisonette in a Bristol council designated conservation area ?
Part of the due diligence for buyers includes carrying out searches of the Bristol authority to find out conservation area status and consent for developments. .
If no local authority consents be in evidence, your Stoke Bishop conveyancing solicitor will recommend the options, which include getting covered by an indemnity insurance or seeking retrospective approval from Bristol planning authority.
In what ways does a Stoke Bishop conveyancer investigate the risk of possible flooding around Stoke Bishop?
A conveyancer will conduct formal environmental searches, which include Stoke Bishop flood risk information. An inexpensive (around twenty pounds) and more involved flood history/risk search (most likely a Landmark Database search) will sometimes be suggested by a lawyer in Stoke Bishop if in the event that the initial searches identify a potential flood risk to the property.
When in the conveyancing process should you instruct a conveyancing solicitor to handle our sale?
The straightforward answer is, the faster you instruct the better. Instructing your solicitor earlier could mitigate the chance of the transaction aborting.
The home I’m buying has been empty for two years; what questions should I be asking the solicitor, the estate agent, and the surveyor?
If a home has been empty for a considerable period (such as the two years mentioned here), there’s usually a reason for it. There is estimated to be around a quarter of a million properties in the country that have been empty for more than 6 months.
The primary reason is that the owner hasn’t the funds to renovate the property, or they’ve started gutting the place and run out of money to take it further, or perhaps there’s been a significant problem (e.g. fire or flood are common instances). Most likely, these properties will come up at auction.
Your estate agent will be aware of its history if the property is on their books, so you can find out a lot from them, the council will have an empty property officer, and the Land Registry will have information on the deeds. As far as the solicitor is concerned, they will establish the position on the property as part of the conveyancing, while the surveyor will have experience of checking out such properties, with the advice that you order a Building Survey (the most detailed of the options) to check out its structural integrity. Note that mortgage lenders will be more reluctant to offer a loan on such homes.
Ultimately, the ball is in your court and, if you want to pursue buying such a property, you need to be prepared to do the research, which can take up a lot of time.
The moving process can be bewildering and stressful. Let Homeward Legal look after the legal side of things for you and we'll guide you through the process from start to end. Call 0800 038 6699 to find out more.
What is stamp duty and land transaction tax?
Stamp Duty Land Tax (SDLT) is a proportion of the final sale price of a property payable to HMRC by the buyer. The current trigger threshold is for any property priced at £125,000 or over (unless you’re a first-time buyer, in which case you pay less or no tax for properties priced at less than £500,000). Your solicitor will handle the transfer of the tax as part of the final tasks on your conveyancing.
In Scotland, buyers have to pay Land and Buildings Transaction Tax and, in Wales, the Land Transaction Tax is triggered at properties priced over £180,000.
In all cases, the amount payable is based on a sliding scale as the price goes up as a proportion of that range added together than an overall flat tax amount or percentage. So, the higher the price goes up, the greater the amount of tax you have to pay.
Do I have to be present at viewings?
No, you don’t. It used to be the case that estate agencies were happy to leave the homeowner to show prospective buyers around. However, this has now been dispensed with because they won’t necessarily have the property skills and experience of dealing with and selling to a buyer. Therefore, the preference is usually that you should not be present in the home at all, although this can obviously be difficult with infirmity, working from home, and childcare.
The best option is to discuss this with the estate agent when you appoint them, so that you are aware of their expectations for each viewing, and they will be able to work around you if you have to be present in the home. Whether you are present or not, you should still take care not to be too messy and tidy up as much as possible prior to the viewing appointment, so that good impressions are maintained.
Our fixed fees and the 'No Completion, No Fee' guarantee alongside our results-focused solicitors mean that Homeward Legal is your best choice for the conveyancing. Find out more on 0800 038 6699.
Does anybody hold some information about the Stoke Bishop conservation areas?
Following a campaign, English Heritage keep a detailed list in relation to the condition of conservation areas in Bristol and throughout England as well as the vulnerability to the area falling into disrepair. Local Stoke Bishop conservation area issues e.g. property boundaries or billboards are administered by Bristol.