Conveyancing In Woodside Park Q & A's
Does your solicitors firm look after auction conveyancing in Woodside Park?
Our firm is very knowledgeable with buyers and sellers at auction. Frequently hard to value properties such as landlocked or without legal access, are listed at auction which need supplementary inquiries before completion. We therefore strongly advocate buyers at auction to formally instruct a conveyancing company well in advance of the auction day to give enough time for a detailed report.
How many mortgage lenders in Woodside Park do you work with?
Most lenders in Woodside Park are on our panels. Woodside Park lenders and mortgage specialists include Crystal Life Ltd, 14 Park Rd, London, N8 8TD, Residential & Commercial Mortgages Ltd, 153 Hamilton Rd, London, NW11 9EB, and FS Mortgages, 48 Church Hill Rd, Barnet, EN4 8TA.
Who do I give the appliance warranties to if they are being left at the property I’m selling?
If you are leaving what is generally termed ‘white goods’ at the property you are selling, which are still in warranty, the documentation should be given to your solicitor so that any warranties can be given to the buyer’s solicitor as part of the contract.
Note that, should you be leaving any electrical (or other) items at the property, this should be made clear on the Fixtures and Fittings Form (TA10) and agreed as early as possible between you and the buyers, particularly if you want financial recompense in so doing.
What is stamp duty and land transaction tax?
Stamp Duty Land Tax (SDLT) is a proportion of the final sale price of a property payable to HMRC by the buyer. The current trigger threshold is for any property priced at £125,000 or over (unless you’re a first-time buyer, in which case you pay less or no tax for properties priced at less than £500,000). Your solicitor will handle the transfer of the tax as part of the final tasks on your conveyancing.
In Scotland, buyers have to pay Land and Buildings Transaction Tax and, in Wales, the Land Transaction Tax is triggered at properties priced over £180,000.
In all cases, the amount payable is based on a sliding scale as the price goes up as a proportion of that range added together than an overall flat tax amount or percentage. So, the higher the price goes up, the greater the amount of tax you have to pay.
Why can sale conveyancing legal work take such a long time?
The legal work required to buy or sell property may potentially be delayed. Homeward Legal aim to lessen their effect whenever it is feasible by driving the sale or purchase forward.
We have to instruct fast property lawyers in Woodside Park, is that your solicitors?
Frankly many conveyancing lawyers are far too unhurried adding large amounts of aggravation to buying or selling.
Homeward Legal only ever allocate you to expert panel of solicitors who are selected because they will always proactively communicate from the beginning to the end of the buyer and seller chain . In addition , Homeward Legals company are actually chosen because they implement the latest fast response and technology systems meaning they can exchange on your home move in the shortest time.
I’ve lost my gas/electrical certificates; will that stop me moving?
There is no legal imperative for you to provide either the gas or electrical safety certificates as the seller; you are required to provide a gas safety certificate on an annual basis, however, if you are planning on letting the property out. The Institution of Electrical Engineers recommends that an electrical certificate be updated at least every ten years or when the property is transferred to a new owner (every 5 years if you are letting the property out).
However, this usually means that this is the responsibility of the buyer with the onus on organising an inspection for a new certificate falling on them.
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