Conveyancing In Winchmore Hill Q & A's
For a fast exchange and completion on the purchase of a £152,000 house, what can we do to speed up our conveyancing process?
As is often reported, instructing a communicative conveyancing solicitor is crucial to buying faster. That said, there are a number of things you as the buyer can also do to accelerate the process. These include:
- requesting regular updates from your conveyancing solicitor and keep the pressure on
- answering any queries raised by the conveyancing solicitor as soon as possible
- confirming your mortgage offer
What’s the difference between residential and commercial conveyancing?
In essence, there is very little difference between the tasks needed for residential conveyancing against commercial conveyancing. The real difference comes in the type of property and the purpose for which it is intended to be used.
The majority of residential transactions are freehold, whereas commercial transactions are almost exclusively leasehold, and commercial property conveyancing searches will tend to be more expensive because the structure and land will occupy a greater space on average than that for residential property.
What are searches, and how do they differ from a survey?
Searches are a set of enquiries carried out by your surveyor to various authorities such as the local council, HM Land Registry, etc., and focuses on the impact of the local area on your potential enjoyment of living at the property, while a survey (a HomeBuyer Report or Building Survey) is focused on the structural integrity of the home and its permanent outbuildings and constructions.
While each may throw up similar issues (such as missing planning consents or boundary issues), they are very different and achieve very different purposes.
Our solicitors at Homeward Legal are willing and happy to explain anything you don't understand in the conveyancing, because you need to know what you're getting for our competitively-priced fixed fee. Call our team on 0800 038 6699.
What steps can we take to hold off paying SDLT?
Stamp Duty Land Tax (SDLT) commonly must be paid on property over one hundred and twenty-five thousand pounds. Stamp duty mitigation scheme must be treated with caution. These schemes are costly and , if the scheme fails, you may be charged a penalty of up to 100% of the stamp duty amount owed. There have been certain government-sponsored schemes, such as disadvantaged area relief.
How long does it take to move house?
Those new to buying property are often surprised by how long the process can take from start to finish. There are several factors that come into play when determining how long your transaction will take from having your offer accepted to moving into your new home: The number of people involved in the chain (the shorter it is, the easier to manage and therefore shorter in duration potentially), problems with one or more buyers in the chain getting a mortgage offer, communication, management and many others.
The greatest time that needs to be set aside is for the conveyancing, which is the complex legal process of transferring ownership of the property from seller to buyer, replicated along the entire chain. Typically, the conveyancing can take an average of between eight and twelve weeks to complete, so, in reality, you should be thinking in terms of months.
However, if you appoint a results-focused and proactive solicitor, who will do everything possible to reduce the length of time, including talking to everyone involved in the chain, pushing for swift return of forms and documentation, and using modern technology to drive the process forward, you will stand a better chance of the conveyancing being a lot shorter. And the earlier you appoint them, the quicker they can get started on your transaction.
Looking for great conveyancing where our solicitors work hard to deliver your completion as early as possible? Call Homeward Legal on 0800 038 6699 to find out how low our fees are.
In about five weeks we are shortly going to be moving from our semi detached building in Winchmore Hill to a new property in Edmonton what is the optimum stage to choose a home removal company?
Most conveyancers will suggest that home buyers and sellers delay until such time as contracts have exchanged as in advance of this an actual moving date wont have been agreed. Speak to John & Son, 57 Farm Rd, London, N21 3JD Call: 07960 187438.
How can we determine more info on the upkeep of conservation areas in Winchmore Hill and Winchmore Hill?
Local Winchmore Hill conservation area matters for example the upkeep of public spaces, addition of hard standings to the front of properties or vacant buildings are handled by the local authority (Enfield). English Heritage, a government body, administer a list of the state of conservation areas as well as the vulnerability to a decline in standards.