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.
What is the council tax on a end of terrace Band G building in Wiveliscombe?
You will be supply your new home's band in the conveyancing report on title. Up-to-date rates for Wiveliscombe are tabled online at the Taunton Deane local authority website. As at, 22 October 2012, rates are:
- Band A - £945.00
- Band B - £1,102.00
- Band C - £1,260.00
- Band D - £1,417.00
- Band E - £1,732.00
- Band F - £2,047.00
- Band G - £2,362.00
- Band H - £2,835.00
When should I arrange a conveyancing solicitor in Wiveliscombe?
In the vast majority of cases, the sooner you instruct a firm, the better. Early instruction of a conveyancing firm for a sale means that paperwork can be prepared, even before a buyer is found, whereas if you are buying your offer may be taken more seriously if you already have a solicitor instructed.
Which body keeps records for safeguarding the state of repair of conservation areas in Wiveliscombe and Wiveliscombe?
English Heritage, a government body, maintain a list of the condition (poor to good) of conservation areas as well as the risk of standards slipping. Local Wiveliscombe conservation areas are nominated by the local Taunton Deane planning authority, who police conservation area concerns from including things like excessive road signs, the painting of houses and what can be demolished.
What can a Wiveliscombe property solicitor recommend if the house is situated in a Taunton Deane conservation area which has inappropriate new windows added?
Taunton Deane planning authority searches carried out by your Wiveliscombe conveyancing solicitor in the process of the conveyancing will determine whether the Wiveliscombe property a conservation area and evidence of authorisation for modifications will be supplied.
Should no local authority consents be available your Wiveliscombe conveyancer will recommend the alternatives which can include requesting an indemnity policy or requesting retrospective consent from Taunton Deane council.
Would you confirm taking steps to bypass paying for HMRC stamp duty?
Stamp duty mitigation should not be considered, as such schemes are often uneconomical and HMRC may challenge a scheme up to six years later and the total stamp duty, with interest, will be due.
How long will be accounted for conveyancing take in Wiveliscombe?
The time required to sell or purchase property does vary. This is affected by many aspects, including if a third party is slow to respond. Our lawyers work hard to ensure your move receives communicative and proactive service, resulting in the fastest possible outcome.
Is there a benefit to going to auction over a standard estate agent sale?
The majority of homes sold via an estate agent will be in a reasonable condition and usually modernised, whereas auction properties will often require a lot of modernisation or structural work before it can be lived in. That’s not to say you can’t use either for your sale, of course, irrespective of the state of the property.
Whichever option you choose, you should line up a focused, proactive solicitor on a fixed-fee agreement protected by a ‘No Completion, No Fee’ guarantee. You should appoint them as early as possible, too, so that the conveyancing work can start immediately – this is particularly important for auctions, as there is usually a four-week completion stipulation on its sale.
At Homeward Legal, we offer you’re the best quality service on all types of sale and purchase, including auctions, for competitively low fees protected by our 'No Completion, No Fee' guarantee. Try our online quote calculator or call our team on 0800 038 6699.