Conveyancing Solicitors in South Molton
Purchasing or selling a property in South Molton can be a very stressful process and can take up a lot of time. But with a efficient and experienced conveyancer the process can be quick, simple and painless.
The conveyancer acting for your transaction is very influential in any transaction process, making it vital you pick the best one.
The Licensed Conveyancers or Property Solicitors job is to manage the legal side of buying a house for you. They must review and make checks on the house and surrounding area, work with the seller’s solicitor, take care of the transfer of money and draw up contracts.
South Molton Remortgage Conveyancers
Our recommended licensed conveyancers have completed hundreds of remortgages in South Molton. Our trusted panel of remortgage conveyancing service providers can act for nearly every Mortgage Lenders in England and Wales. Our conveyancers work quickly and have one of the shortest UK timelines for remortgage conveyancing.
Leasehold Property Conveyancing South Molton
If you’re purchasing/selling a leasehold home or apartment it’s important that you have a capable and skilled Conveyancing Solicitor. With Leasehold property sales the conveyancing process can be a little more convoluted than a freehold property. This makes the price for the conveyancing , from Conveyancers, is more expensive. You’ll need to spend more money as there is a bit more tricky work included. A leasehold sales will usually take more time to complete.
Conveyancing Solicitors come with Indemnity insurance for conveyancing transactions to protect against any legal issues with the property which can’t be fixed quickly, or fixed at all. Conveyancing indemnity insurance protects the buyer and the mortgage provider in case of any loss of value on the property purchased as a consequence 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 when purchasing a property
Your chosen conveyancing solicitor will be able to help you towards the initial stages of purchasing – approving the sale contract and exchanging for the property purchase. This includes putting down some money as a deposit, normally about 5%-10% of the agreed sale price.
There will be other bills to pay, that includes mortgage costs, before the sale is finished. Usually the biggest cost will be SDLT – a UK Government tax on property purchases.
Other fees include Land Registry costs and property search fees, and various different costs that will be included as disbursements within the conveyancers quote. Your conveyancer or solicitor will add up all these fees and let you know the final cost of moving.
About South Molton
South Molton is a small town in Devon, England. It is part of the North Devon local government district. The town is on the River Mole. According to the 2001 census the civil parish of South Molton had a population of 4,093, increasing to 5,108 at the 2011 Census. The town also has an electoral ward with the same name. The population of this ward at the same census was 4,875 We have therefore the unusual situation where the town is larger than the ward. The town was one of the boroughs reformed by the Municipal Reform Act 1835. It retained this status as a municipal borough until 1967, when it became a rural borough in the South Molton Rural District.
On 14 March 1655, Sir John Penruddock was captured after a three-hour street fight in South Molton by soldiers of the New Model Army under the command of Captain Unton Crook. With his capture, the Penruddock uprising came to an end and so did the 1655 plans of the Sealed Knot to restore King Charles II to the throne of England.
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 South Molton (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%.