Do you suggest looking into how to avoid paying out for SDLT?
Stamp Duty Land Tax (SDLT) usually must be paid for purchases sold for more than 125,000 pounds. Stamp duty avoidance should be treated with extreme caution in White City, 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.
Should I read about conveyancing as a buyer and seller of a house , Might it be a silly move to take care of the conveyancing on a DIY basis without any help?
Technically speaking there is absolutely no argument at all why you cant opt to carry out the greater majority of the conveyancing unaided. However, a solicitor is in charge of a large number of jobs including chasing any missing replies/clarifications to enquiries or identifying conservation area breaches many of which are more safely handled with appropriate adequate training.
Which mortgage lenders in White City do you work with?
Most lenders in White City are on our solicitors' panels. Local mortgage lenders and brokers include Independent Mortgage Co Ltd, 11 Kings Rd, Fleet, GU51 3AA, Wentworths Financial, 143 Crockhamwell Rd, Woodley, Reading, RG5 3JP, and Easy Mortgages Ltd, 68 High St, Sandhurst, GU47 8ED. Your solicitor will be able to address any specific requests your lender may have.
What specific things do I need to look out for if I’m buying a house on the coast?
With worsening weather and floods now becoming increasingly commonplace, with the media remarking on it in depth, buying a property that has a likelihood of flooding is a difficult decision to make. Not only is there the issue of cleaning up if it does flood, but insurance premiums will be much higher (and perhaps even prohibitive).
For homes in coastal areas, there is also the problem of coastal erosion, where some properties have been seen to literally fall into the sea.
However, the good news is that picking a home in a coastal region doesn’t automatically mean that it’s going to be subject to flooding or that it’s eventually going to slip into the sea. The searches ordered by your conveyancing solicitor will identify the level of risk associated with the property and, based on this, your solicitor may recommend that you take out specialist reports (e.g. from Landmark or other organisations) to get a more in-depth description of the risks and options. These are in addition to the standard set and will be charged to you as a disbursement at cost.
Your surveyor will also be able to identify evidence of previous floods and other problems during their inspection and provide advice in their report. If the problems are considered sufficiently severe, the surveyor may also note the specifics for further investigation by your conveyancing solicitor.
In respect to the fact that 2012 was second wettest year since records began we are worried that flood searches won't be detailed enough?
A lawyer in White City will include specialist property environmental searches if the first search determines a any kind of the local White City flood risk
For greater peace of mind why not speak to a neighbour.