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Conveyancing in Ventnor Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 22/01/18

The closest airport to Ventnor is Sandown IoW Airport (4 miles). Bembridge IoW Airport is 8 miles and away. The nearest train station to Ventnor is Shanklin.

Q.

Ventnor area information

A.

St Catherines Lighthouse, Wroxall IOW Owl and Falconry Centre Birds of Prey Centre and Appuldurcombe House English Heritage are around Ventnor.

The most convenient hospital is St Marys Blackwater.

Q.

How do I get the best conveyancing rates in Ventnor for a £306k property?

A.

Many law firms advertise so-called 'the cheapest conveyancing', however additional costs will be included in small print. Any disbursements should also be included on a Ventnor conveyancing quote Additional fees listed in the solicitor's terms should be fair. Homeward Legal quotes offer a clear statement of your legal fees for a standard conveyancing transaction.

Q.

How much can searches cost?

A.

With Homeward Legal, you are expected to pay no more than £249 for the standard search bundle. Commonly ordered searches include a drainage search and a chancel liability search.

Q.

We are buying at auction and would like ensure a fast conveyancing transaction, what should we do?

A.

It is a truism that a fast transaction is the key to is to employing a proactive solicitor. When selecting a solicitor, you should ask the following: Do they work on a 'no sale, no fee' basis? Did you experience any delays when requesting a

quote? Which communication methods do they use? Days can be wasted waiting for letters in the post which could be emailed or faxed.

Q.

Please state how to get out of paying stamp duty to HM Revenue?

A.

We do not advise conveyancing clients risk any form of stamp duty scheme, as such schemes are highly expensive and the HMRC can review a scheme up to 6 years after a sale is completed .

Q.

Alliance and Leicester is our lender - what do I need to be aware of?

A.

When taking out a mortgage to buy a property, your lender will require legal work to be carried out on their behalf. Over the last two years, some lenders have limited the number of solicitors who can act for them. Homeward Legal can act on behalf of all major mortgage lenders.

Q.

Is a Telegraphic Transfer fee paid to the conveyancing solicitor?

A.

Comparing conveyancing quotes is often challenging, considering differences in terminology. This cost is a fee not a disbursement. It should be included in the quote for your conveyancing.

Q.

Will the property lawyer in Ventnor order any property conveyancing searches on the Isle of Wight Edwardian detached house I am buying?

A.

The common conveyancing procedure will be to get these searches - Local Authority (council), Drainage and Water Search and Environmental and perhaps particular searches, like Planning Search.

Q.

What sort of scrutiny as respects the potential risk of possible flooding in the Isle Of Wight region will the Ventnor conveyancer give an account of?

A.

A solicitor will carry out formal conveyancing searches that incorporate Ventnor historical flood risk data.