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Recently asked questions about conveyancing in Harold Wood

Why do I have to pay up front for my conveyancing in Harold Wood?

Where you are retaining lawyers for conveyancing in Harold Wood your solicitor will request that you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any deposit is as part of the sale price then this should be needed immediately in advance of exchange of contracts. Any further balance that is needed will be payable a couple of days ahead of the day of completion.

What will a local search inform me about the property my wife and I buying in Harold Wood?

Harold Wood conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search company for instance Searchflow The local search plays an important role in most Harold Wood conveyancing purchase; as long as you don’t want any nasty surprises after you move into your new home. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.

Just acquired a detached house in Harold Wood , What is the estimated time for the Land Registry to register my ownership? My Harold Wood conveyancing solicitor works at snail pace, so I want to be certain the land registry aspects are concluded.

There is nothing unique when it comes to conveyancing in Harold Wood registration formalities. Rather than based on location, timescales can adjust according to who lodges the application, whether it is in order and if the Land registry have to notify any interested parties. Currently roughly 80% of such applications are completed within two weeks but occasionally there can be extensive hold-ups. Registration is effected once the new owner has moved in to the premises so 'speed' is not always an essential issue yet where there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.

How does conveyancing in Harold Wood differ for new build properties?

Most buyers of new build or newly converted property in Harold Wood come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Harold Wood typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Harold Wood or who has acted in the same development.

When it comes to my conveyancing in Harold Wood should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee

(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Harold Wood conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.

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