Conveyancing In Woolavington Q & A's
My local agent has put forward a law firm whom they usually use. Is it advisable to use them?
An agent may endorse one or more conveyancing firms. However, if they are paid a referral fee, an agent may select the conveyancer who pays out the highest referral fee, not the most suitable for you.
Which lenders in Woolavington do you work with?
Most lenders in Woolavington are on our panels. Local mortgage lenders and brokers include XL Financial Services Ltd, Field Barn/Higher Rd, Chedzoy, Bridgwater, TA7 8QQ. Your conveyancing solicitors should be able to provide more information.
What do we need to calculate stamp duty, and what will we need to pay on a £464000 Woolavington property?
Stamp Duty will depend on the purchase price of the house or flat. On a £464000 residential property in Woolavington, stamp duty will be £13920 (accurate March 2013).
I am going to buy with Britannia - what do we need to be aware of?
A small number of lenders are now limiting the firms who can act for them, potentially creating higher conveyancing costs for buyers. Homeward Legal, fortunately, are able to act on behalf of all large lenders.
Do your panel of solicitors get involved in the legal conveyancing of residential property auction properties in Woolavington?
Our CQS solicitors frequently work for sellers at auction. Homeward Legal invariably suggest buyers at auction to select a property conveyancing lawyer in advance of the date of the auction to allow adequate time for a detailed investigation of the auction pack.
Should I get my short lease extended before selling?
Buyers are becoming increasingly wary of buying leaseholds with less than 90 years to run because, first, the cost of increasing a leasehold is becoming far more expensive, and, second, mortgage companies are becoming increasingly reticent to lend money to buy leases that have dropped below the 80-year mark (indeed, this will be one of the criteria that they set to ensure their investment is protected).
As a result, buyers will often insist that the leasehold be extended back up to the 99-year or 125-year typical thresholds before going ahead and buying it. So, as the current leaseholder, you will almost certainly be expected to do the legal work required to extend the lease to a level that buyers will be happy with.
When should I book a removals firm?
It’s very tempting to get wrapped in the excitement of moving home and wanting to get everything sorted out and in the diary. But, if you book a removals firm too early, prior to the exchange of contracts (when the date and time of completion is legally set), you risk the possibility that the date might change, thereby having to pay a fee to the removals firm to change the plans.
There is nothing stopping you in contacting a selection of firms to get a quote for removal and to negotiate the possibility of pencilling a date in but ensure you obtain agreement that this is subject to change and confirmation.
What conservation areas are there in Woolavington?
Parts of Woolavington considered be of 'special architectural and historic interest', like stretches of canals, may be recorded as conservation areas. The solicitor handling your purchase should be able to offer more information and confirm potential liability for unauthorised works.