Conveyancing In Wickford Q & A's
In what ways can my Wickford property lawyer investigate the potential risk of a flood around Wickford for an investment property we are going to buy?
An experienced lawyer makes an application for conveyancing and environmental searches, which include Wickford flood risk information.
What length of time does conveyancing take?
The time needed to sell or purchase a house is not wholly predictable, based on a number of legal considerations. Nationwide, the average is around ten weeks, whereas our solicitors aim for faster conveyancing, driving the transaction to complete within 6 to 8 weeks.
Do I need a solicitor?
The quick and easy answer is that you don’t. There is no legal imperative for you to employ a solicitor to handle the conveyancing when dealing with property. However, it would be rather unwise for you to carry out the work yourself because you probably won’t have the skills, knowledge and experience to perform many of the complex tasks, and you won’t possess the indemnity insurance that all solicitors are obliged to carry to protect clients in the event that something goes wrong.
You need to appoint a solicitor who is experienced, proactive and focused so that you have the best chance of completing your transaction as early as possible. You should also look for such a solicitor who also offers ‘No Completion, No Fee’ protection so that you will only be invoiced for the fees once your transaction has completed successfully.
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Will the conveyancer in Wickford tell me about the cost of council tax for a Band B property prior to completing on the purchase?
A lawyer will speak to the council to enquire about the currently applicable council tax rates, which will be set out in the title report. The latest tax charges for Wickford are published on the Basildon local authority website. As at, 13 August 2012, the rates are:
- Band A - £1,032.00
- Band B - £1,204.00
- Band C - £1,376.00
- Band D - £1,548.00
- Band E - £1,893.00
- Band F - £2,237.00
- Band G - £2,581.00
- Band H - £3,097.00
I am buying a 1930s investment property in the middle of a Wickford conservation area, how do we find data in relation to the current state of repair of the conservation area?
Conservation areas in Wickford are designated by the local authority (Basildon) who manage everything from the upkeep of public spaces to the impediment of back illuminated signs. English Heritage administer information of the condition (poor to good) of conservation areas in England along with the risk of getting worse.
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.
Are Wickford many conservation areas going to affect our property?
These areas preserve areas of historical or architectural value. Your conveyancing lawyer will offer more information.