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.
How much will our conveyancing searches on average cost?
The cost of searches does vary greatly. These searches are disbursements, and are charged 'at cost'.
What do I do if new and severe damage is found after moving in?
You should reasonably expect the home into which you’re moving to be cleared, clean and without additional damage. Of course, things can happen as removals can chip plaster, scratch or tear wallpaper, etc., but if there is significant damage that was not present before, it would be advisable to talk to your solicitor to see if there is any recourse for you on your seller.
You may also like to think about writing a clause into the contract that money will only be released after a cursory inspection of the premises to confirm that you are happy. This needs to be agreed with the seller’s solicitor, but the expectation is already raised. Beware that, in the chaos of the moving day, you can’t afford to delay things too much, so it’s a fine balance.
We are buying a £477000. How is stamp duty calculated?
Stamp Duty is calculated with reference to the purchase price of the house or flat. For a property in Wolston bought for £477000, stamp duty is £14310.
What does 'fixtures and fittings' include?
There is not a strict definition of fixtures and fittings, which can result in conflict once the new owner takes possession. For many transactions, this is neglected, hence the importance of a complete fixtures and fittings form, agreed by both parties.
Our local agent has named a property lawyer. Should we use them?
Estate agent recommendations are a common practice way for home buyers to find a solicitor. These referrals must be compared with other local solicitors, or better-value firms found online, as the agent may recommend the conveyancer who pays out the highest referral fee, not the best solicitor for your needs.