Conveyancing Solicitors in Highampton
Buying or selling a house in Highampton is a stressful process that’s also time consuming. But with a skilled and professional Conveyancing Solicitor the transaction will likely be quick, simple and hassle free.
The legal representation you choose to manage for your transaction is very important in the transaction process, making it important you choose a trusted solicitor or conveyancer.
The Licensed Conveyancers or Property Solicitors job is to manage the legal side of buying a house on your behalf. They’ll make a number of checks on the house and surrounding area, communicate with the seller’s solicitor, take care of the transfer of money and write and exchange contracts.
Highampton Remortgage Solicitors
Our highly rated conveyancing solicitors have completed hundreds of remortgages in Highampton. Our panel of remortgage conveyancing service providers can act for almost all UK Mortgage Lenders. Our conveyancers work fast and have one of the lowest UK timelines for remortgage conveyancing.
Leasehold Property Conveyancing Highampton
If you are buying or selling a leasehold house or flat it’s important you use a good and proficient Conveyancer. With Leasehold property sales the legal work is slightly more convoluted than a freehold house. Therefore the cost for the legal work for leasehold transactions, from Conveyancing Solicitors, is a little more expensive. You’ll need to spend a little more money as there is a bit more time consuming paper work involved. The Leasehold sales often do take more time to complete.
Property Transfer Insurance
Conveyancing Solicitors use Indemnity insurance for conveyancing transactions to protect against any legal defect with the house which can not just be resolved quickly, or can’t be fixed at all. Legal indemnity insurance covers the property buyer and the mortgage provider if any loss of value on the property as a result of any kind of defect or legal issue. The Council of Mortgage Lenders’ (CML) handbook for conveyancers says: “You must effect an indemnity insurance policy whenever the Lenders’ Handbook identifies that this is an acceptable or required course to us to ensure that the property has a good and marketable title at completion.”
Payments and Deposits when purchasing a property
The conveyancing solicitor will be able to help you towards the initial stage of purchasing – signing the contract and exchanging with the seller. You’ll usually have to put down some money as a deposit, normally around ten percent of the final price.
There will be a number of bills to meet, that includes mortgage costs, before the transaction is complete. In most sales the major cost will be stamp duty land tax – a government tax on property transfers.
Other fees include Land Reg fees and property searches, and a number other fees that are included as disbursements. Your conveyancer work out all the fees and let you know the final cost.
Highampton is a parish in Devon spread over approx. 4½ miles. It stands on a ridge with views of Dartmoor and Exmoor. Highampton is about 10 miles from Holsworthy, 9 miles from Okehampton and 3½ miles from Hatherleigh. The A3072 runs through Highampton.
The national average timescale for conveyancing is between 9-10 weeks. Conveyancing for simple purchase transactions can take just 4-6 weeks but a more complicated transaction can take much much longer to complete. Some transactions have been known to take over a year to complete, why? More info visit our How long does conveyancing take?.
If you are buying a property in Highampton (or anywhere in England and Wales), for more than £125,000, you will be subject to Stamp Duty Land Tax (or SDLT for short). This tax is calculated in brackets, like the UK income tax system. When you get a quote with us, we calculate the Stamp Duty (SDLT) you’ll have to pay for you. For more info visit our Stamp Duty Rates and Examples page.
Devon, also known as Devonshire, which was formerly its common and official name, is a county of England, reaching from the Bristol Channel in the north to the English Channel in the south. It is part of South West England, bounded by Cornwall to the west, Somerset to the northeast, and Dorset to the east. The City of Exeter is the county town; seven other districts of East Devon, Mid Devon, North Devon, South Hams, Teignbridge, Torridge, and West Devon are under the jurisdiction of Devon County Council; Plymouth and Torbay are each a part of Devon but administered as unitary authorities. Combined as a ceremonial county, Devon's area is 6,707 km2 (2,590 square miles) and its population is about 1.1 million.
According to the current Hoopla estimates, the current average value in Devon in May 2017 is £283,373. This has increased 0.77% from February 2017. Terraced properties sold for a current average value of £212,677 and semi-detached properties valued £248,893. In the past year property prices in Devon have increased 3.37%.