Conveyancing In Whetstone Q & A's
Does your solicitors firm handle the legal conveyancing of auction properties in Whetstone?
Our firm is used to working with sellers at auction. Regularly more complicated to convey buildings e. g. repossessed properties, are sold in auctions which tend to require deeper fact-finding by the conveyancing lawyer. Lawyers therefore strongly advocate that purchasers formally appoint an affordable lawyer before the property auction to allow for a review.
After the property auction date, your property lawyer needs to be fully prepared to complete the conveyancing process within 28 days, a requirement of standard auction conditions.
How much effort is it to sort out a house in multiple occupancy (HMO)?
A house in multiple occupancy is defined as a property where at least three tenants live forming more than one household (one person or more living together), but share kitchen and bathroom facilities.
As a landlord of an HMO, your responsibilities include ensuring proper fire safety measures are in place, gas safety checks are completed annually, the electric system is checked every five years, there are sufficient bathroom and kitchen facilities for everyone to comfortably use, communal areas are kept clean and safe to use, and waste disposal is managed effectively (provision of bins and bags).
This requires more effort than having a property to rent to one household, and you may wish to employ a solicitor to sort out the legal side of things in the first instance, and a property management company to handle the administration, disputes, etc. on a daily basis.
Homeward Legal's experienced solicitors have completed many different transactions including properties for HMOs. Why not give us a quick call now on 0800 038 6699 to get your conveyancing under way today?
Does the Whetstone lawyer order any conveyancing searches on the London Victorian detached bungalow I am buying?
If purchasing and obtaining a mortgage the mortgage lender expects at least specific searches, including the following Local Authority Search, Drainage and Water Search (CON29DW or personal) and Environment Search, and, depending on certain criteria, unique particular for instance Commons Registration Search.
How is stamp duty assessed, and what will we need to pay on a £295000 home?
Stamp Duty Land Tax in Whetstone will depend on a small range of considerations, including the house's value. It is £8850 on a £295000 house.*
*This information correct as of June 2012
What is the council tax on a Sixties terraced Band B property in Whetstone?
You will be given detail on the homes band with the conveyancing report on title.
Up-to-date rates for residents of Whetstone are listed online at the Barnet local authority site. As at, 27 December 2012, rates are:
- Band A - £947.00
- Band B - £1,104.00
- Band C - £1,262.00
- Band D - £1,420.00
- Band E - £1,735.00
- Band F - £2,051.00
- Band G - £2,367.00
- Band H - £2,840.00
How can I buy the freehold of the building in which I’m purchasing a flat?
When you buy a leasehold flat (usually for a lease lasting a long time), it means that you don’t own the building or the land on which it is built. If you want to buy the freehold of the building (either yourself or with other flat-owners), you’ll need to meet a few legal criteria before that can happen (such as the number of flats, the purpose to which the majority of the building is put to, and the number of flat-owners willing to by the freehold).
One additional point to note is that the shorter the lease on any flat, the greater the price of the freehold is likely to be.
You should talk to other residents about your plan as well as finding out how much the freehold will be and getting a professional valuation. Once you are in a position to move ahead, you’ll need to appoint a solicitor to manage the legal aspect of the planned purchase.
Homeward Legal's solicitors are well-versed in dealing with all types of freehold and leasehold purchases. So call us now on 0800 038 6699 and we'll guide you through the process and assign you to one of the best solicitors.
What length of time may conveyancing legal work need, according to your estimates?
Generally speaking, the number of weeks needed to sell or purchase a residence is not wholly predictable. This is according to a number of considerations. These could include if the property being bought or sold is leasehold. For most firms in England and Wales, the average is between 8 to 12 weeks, but we work towards four to six weeks, wherever possible.
How do we protect against gazumping?
Gazumping happens when a seller agrees to an offer and then rejects it in favour of another purchaser's offer. This rejection may occur weeks, or even months, into a property purchase. The chance of getting gazumped exists for almost any purchase. Instructing a proactive solicitor as early as possible should help to mitigate this risk.