Conveyancing In Swanley Q & A's
Which local authority is responsible for Swanley?
Swanley is located in Sevenoaks District Council, Council Offices, Argyle Road, Sevenoaks, Kent, TN13 1HG, phone: 01732 227 000
What can we do to get out of paying SDLT?
SDLT is usually payable for purchases over £125,000. Stamp duty mitigation is not advised when buying in Swanley, as such schemes are expensive and , if a scheme is challenged, you can be fined up to 100% of the amount owed, in additional to the tax itself.
Can I agree a sale price without involving an estate agent or solicitor?
This depends on whether you have signed up with an estate agent and what agreement is already in place. While it might seem unfair if you’ve found a buyer outside of the estate agency process and you’re expected to still pay the agent their fees on sale, you should be very careful about stepping outside the agreed terms and conditions since this is legally binding and you may face penalties as a result. Therefore, if you want to follow this course, it’s worth checking the details with a solicitor to ensure you’re following the letter of the law.
If you’re not with an agent, you can publicise your house details with a number of publications and online sites (some are free, others require a fee), but you’ll need to do all the legwork and administration. For a legal standpoint, you don’t need to appoint a solicitor to perform the conveyancing, but it would be an unwise option to pursue as you will probably have neither the training or experience in some its complexities, and you won’t have the protective indemnity insurance in the event of a problem arising with your work.
What causes the conveyancing work to take weeks to complete?
The legal work undertaken to transfer a home in Swanley can suffer setbacks for a variety of reasons. Sometimes, the delays are unhappily out of the conveyancing solicitor's control. We do our best to minimise their consequences wherever possible to do so. There are numerous reasons for delay, such as the length of time it takes for the managing agent or landlord to respond to queries.
What kind of local environmental searches in respect to the risk and history of a flood in Kent will a Swanley solicitor conduct?
An essential part of the conveyancing protocol involves a solicitor conducting property conveyancing searches that set out detail in relation to Swanley flood risk.
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.