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Conveyancing in The Park Q & A's

Profile photo of Clarisa McMahon

By

Ask Clarisa a question hl@syntarsus.co.uk

Updated: 15/10/17

Collingham station is approximately 3 miles from The Park. The closest airport to The Park is Gamston Airport (12 miles). Tollerton Airport is 19 miles and away.

Newark is a nearby hospital.

Q.

We need to find the cheapest conveyancing solicitors in The Park. What do we need to check for?

A.

The lack of clarity surrounding this point catches out many homeowners, and can leave them paying far more in conveyancing fees than they budgeted, and many firms claim to offer 'the cheapest conveyancing quotes', however extra costs will be included in the solicitor's terms of engagement. Excited homeowners, eager to get underway, often ignore this small print when they instruct. Your The Park conveyancing quote should, in addition, define any disbursements. Extras listed in the solicitor's terms ought to be clearly defined. They only apply in cases where the lawyer must perform additional tasks for you, which could not be anticipated at the start of the process. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

How do I avoid paying SDLT?

A.

SDLT commonly must be paid on houses sold for over £125,000. Homeward Legal do not advise clients get involved with any stamp duty avoidance, as such schemes are expensive and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed. There have been a range of official schemes, however, such as relief for buyers in 'disadvantaged areas'.

Q.

The Mortgage Works is going to be our mortgage lender, is there anything we need to be aware of?

A.

Some lenders are now reducing their 'solicitor panel'. This can mean higher conveyancing costs for purchasers. Homeward Legal, though, can act for all large mortgage lenders so that you will not be required to pay the lender's costs.

Q.

When in the process do we need to find a conveyancing solicitor?

Whether you are buying or selling in The Park, as soon as possible, as the legal work can commence very early in the process. A number of sources recommend postponing instruction until an offer has been firmly agreed, but delays can risk the other side pulling out, particularly in uncertain market conditions.

Q.

How many weeks will conveyancing usually take, according to your estimates? If it matters, we are purchasing a house in The Park.

A.

The length of time taken to sell or purchase a residence may vary, influenced by a range of issues, for example, whether either party has a mortgage. Nationally, the average is up to twelve weeks, but we deliver results within six weeks, if possible.

Q.

Where do I determine more data about the The Park conservation areas?

A.

Following a campaign, English Heritage maintain a detailed list about the state of repair of conservation areas in Nottinghamshire and throughout England in addition to the vulnerability to standards slipping.

Conservation area concerns for example private spaces, side extensions or ugly shop fronts are handled by Mansfield.

Q.

We are buying on a brownfield site. Is the soil likely to be contaminated by waste minerals like tin (Sn)?

A.

Extensive measures are taken on a national level to resolve soil contamination. Metal contamination of soil in The Park is more likely to occur near ex-industrial or waste handling sites. Data on other contaminants, like groundwater contaminants like landfill leachate and disinfection by-products, will also be included in an environmental search.

Q.

What investigation concerning the potential risk of floods in the Nottinghamshire area will the conveyancing solicitor in The Park look into for a residential house we are going to buy?

A.

An experienced residential property lawyer will apply for formal conveyancing searches that will include The Park flood risk area data information. A substantially more thorough flood search (most likely a Landmark Database search) may be proposed by your property lawyer in The Park, if in the event that the environmental search identify flood risk to the property. The most recent (23/02/13) publication on the UK Environment Agency do not reveal any flood warnings in the The Park area.