We are buying a unique building within a Worthing conservation area. How do I find information concerning the state of repair?
Following a campaign, English Heritage have created information in relation to the state of repair of conservation areas along with the vulnerability to the area falling into disrepair. Local Worthing conservation areas are created by the local authority (Worthing) who regulate things like what can be developed to new developments.
Are there many conservation areas in the area?
Conservation areas characterise regions designated as being of 'special architectural and historic interest'. The advantages of these restrictions include a more attractive neighbourhood, but they create additional maintenance and repair responsibilities. Your property solicitor will advise further.
We are purchasing in Worthing, do we need property searches?
These searches are a commonly-used pack of enquiries ordered by your conveyancing solicitor. These searches deal with legal considerations.
Can I agree a sale price without involving an estate agent or solicitor?
This depends on whether you have signed up with an estate agent and what agreement is already in place. While it might seem unfair if you’ve found a buyer outside of the estate agency process and you’re expected to still pay the agent their fees on sale, you should be very careful about stepping outside the agreed terms and conditions since this is legally binding and you may face penalties as a result. Therefore, if you want to follow this course, it’s worth checking the details with a solicitor to ensure you’re following the letter of the law.
If you’re not with an agent, you can publicise your house details with a number of publications and online sites (some are free, others require a fee), but you’ll need to do all the legwork and administration. For a legal standpoint, you don’t need to appoint a solicitor to perform the conveyancing, but it would be an unwise option to pursue as you will probably have neither the training or experience in some its complexities, and you won’t have the protective indemnity insurance in the event of a problem arising with your work.
How much is stamp duty and land transaction tax?
The Stamp Duty Land Tax (SDLT) is based on a trigger threshold of £125,000, followed by a calculation of increasing percentages against the price bands, which are then added together:
- Less than £125,000 = 0%
- £125,000-£250,000 = 2%
- £250,000-£925,000 = 5%
- £925,000-£1,500,000 = 10%
- More than £1,500,000 = 12%
For example, a house bought for £450,000 will trigger SDLT at £12,500 (£0 for the first £125,000, £2,500 for the next £125,000, and £10,000 for the next £150,000 as the price falls in the first three bands).
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.
For fast conveyancing to buy a £ 312,000 property, what should we organise to speed up our conveyancing process?
Importantly, buying faster is essential to is to use a proactive solicitor. When choosing a solicitor, consider these points: Which communication methods do they use? Days can be wasted waiting for letters in the post which could be emailed or faxed. How soon will they order searches? Did you experience any delays when requesting a quote?
I plan to purchase a home in the parish of Glynde. Is a chancel search specified?
Your solicitor is likely to recommend that a chancel search is ordered. Chancel repair dues can be collected on new owners of a home where parish councils have not imposed the same liability on the last owners.