For our lender, we have chosen Scottish Building Society, is there anything we need to check?
Some lenders have reduced the number of firms on their approved panel, potentially creating higher conveyancing costs for buyers. Homeward Legal, fortunately, will act on behalf of many mortgage lenders.
Is it necessary that I get a chancel search? I am buying a Wisbech maisonette near church grounds.
The Law Lords decision in a landmark case 10 years ago reaffirmed that 'lay rectors' of property must cover the cost of church repairs. As a consequence of a recent Act, interest over any affected land in Wisbech must be registered by October 2013. This will make it easier to identify affected property through a chancel search. Wisbech Church of England properties which may give rise to chancel liability include All Saints Church, St Augustine, St Mary and St Peter & St Paul.
Is it easy to sell a house without using an estate agent?
It’s relatively straightforward to sell your own home without involving an estate agent, although you should be warned that it’s a time-consuming process (which is why agents set a certain fee to pay for their time in getting your home sold).
First you need to get a proper valuation of your home, which can be done by paying a chartered surveyor and registered valuer, or you can research the house prices in the area for similar properties to get an idea of how they are selling.
Once you are happy with the price, you can advertise the property (there are several free sites that allow you to do this). Legally, you’re required to obtain an Energy Performance Certificate for the property before putting it up for sale, so you’ll need to organize a registered energy assessor to create this for you. Then you can start arranging viewings and negotiate an agreed price with anyone who is interested.
We would recommend, however, that you sign up with an estate agent as they can do all the leg work for you. The key thing, though, is to understand their fees and rates before signing an agreement with them.
What do I get for my money from an estate agent?
A good estate agent will be able to bring their local knowledge into your transaction and reduce the amount of stress you might experience as part of the whole moving experience.
Although it might seem that agents do very little for their clients, they will help you set the sale price for your home by using their knowledge of similar properties, a large part will involve marketing your home by expressing it in its best light online and through fliers, phone calls and emails, etc., they will conduct viewings with ay interested potential buyers, manage the negotiations on the offers as they come in and, by law, they will also have to take all necessary steps to ensure the buyer is serious about entering into the contract to purchase the property when an offer is made.
However good you believe your chosen estate agent to be, you should take time to read through the terms and conditions thoroughly to understand what you’re paying them and what you’re going to get for your money.
What length of time does the conveyancing process take, on average? We are selling in Wisbech.
The amount of time needed to transfer property is not wholly predictable, affected by a handful of considerations. With Homeward Legal, a sale, purchase or transfer of equity is handled quickly, and to the highest standard of service.