Conveyancing In Winnersh Q & A's
Are the doctors/dentists/schools oversubscribed in the area I want to move to?
Although your conveyancing solicitor may have some personal knowledge of these critical factors, they are not part of the conveyancing process, so will not form part of the contract.
If aspects such as how likely you’ll get into a surgery or school are important to you, it is worth factoring this in at an early stage when you are researching the areas into which you want to move. You can also glean some facts from the estate agent representing properties where you want to move, too. You might also like to contact the surgeries or schools for further information.
Homeward Legal provides a personal conveyancing service at a competitive fixed fee protected by our 'No Completion, No Fee' promise. Get started now on 0800 038 6699 and talk to one of our team.
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?
Which Winnersh lenders do you work with?
Most lenders in Winnersh are on our solicitors' panels. Lenders and mortgage specialists in Winnersh include The Mortgage Lady, 115 The Street, Crowmarsh Gifford, Wallingford, OX10 8EF, Dolphin Independent (Mortgage Advice), 462 Wokingham Rd, Earley, Reading, RG6 7HY, and 1st Call 4 Mortgages Llp, 78 Hilmanton, Lower Earley, Reading, RG6 4HN.
Does 'fixtures and fittings' include things like fitted gas or electric fires?
Generally speaking, fixtures are permanently fixed to walls, floors or ceilings and fixtures are free-standing. Completion or agreement of a fixtures and fittings form is unfortunately often left to the last minute, when a dispute may jeopordise the transaction.
What length of time does the conveyancing process require? I already have an offer.
For the majority of buyers and sellers, the time taken to sell or purchase property may vary, according to a handful of issues which may affect the property. With our Winnersh property specialists, your move is undertaken with the utmost care and speed.
We've got a quote from you. Could there be any extra fees?
No. Homeward Legal never hide any hidden fees under any circumstances. Some firms only provide estimates disguised as quotes, which they will not be required to adhere to.
How does a Help to Buy scheme work for me?
This government-sponsored scheme aims to assist homebuyers with three ways of purchasing a property:
- Help to Buy ISA - if you are a first-time buyer and don’t own any other property (anywhere in the world), and you don’t have another cash ISA opened in the same tax year, when you buy your first home, the solicitor will apply for the government bonus on your behalf when closure of your Home to Buy ISA used to buy the property is confirmed.
- Help to Buy: Equity Loan - if you have no other property and are buying a newly-built home, the government will provide 20% of the cost of the house (up to a maximum of £600,000), leaving you with the saved 5% deposit and a 75% mortgage to cover the remainder. This is open to current homeowners and first-time buyers, and the home cannot be sublet nor can it be used in a part-exchange deal.
- Help to Buy: Shared Ownership - if your household earns less than £80,000, you could be eligible for this scheme, which allows you to buy between 25% and 75% of the home’s value, while the government pays the remainder on which you would then pay rent.
(information retrieved from HM Government’s Help to Buy website on 16 April 2019).
Contact the Money Advice Service, the government’s Help to Buy website, or your local ‘Help to Buy’ agent for more information.
Can I withdraw my offer on a property at any time?
When you make an offer on a house that has been accepted by the vendor, you can ask them to take it off the market as part of the acceptance. If you are selling, you can show your intent by agreeing to remove it from other potential buyers’ interest.
As a buyer, you can withdraw your offer at any time (and, as a seller, you can reject an offer at any time) up to the exchange of contracts, which means you are now legally committed to go through with the transaction at the agreed price. You should check your contract with both the estate agent and your conveyancing solicitor as there may be fees and other penalties associated with pulling out of the transaction after the offer was initially agreed.
If you decide to withdraw from the contract after exchange, then you are in breach. This means, if you’re the buyer, the seller is entitled to keep whatever agreed sum has been set for the deposit, and could claim damages; as the seller, you will be liable to pay interest accrued during the Notice to Complete period as well as the deposit, and the potential for claiming losses, and the buyer has to return everything about the property at the seller’s expense.