Conveyancing Solicitors in Chickerell
If you are purchasing, selling or remortgaging a property in Chickerell, it would be wise to hire a property lawyer to look after the legal aspect of property transfers.
Our carefully selected group of conveyancing solicitors have a large amount of experience in property law in Chickerell and throughout Dorset. Our award winning group of Licensed Conveyancers have a proactive approach to work, so they finish sales within far less time than the UK average.
Payments and Deposits when purchasing a property
Your chosen conveyancing solicitor can help you towards the initial stages of purchasing – approving the sale contract and exchanging with the seller. The buyer will be required to put down some money as a deposit, normally around ten percent of the agreed price.
The conveyancing process includes a number of extra fees to pay, that includes mortgage costs, before the sale is finalised. The largest cost will be SDLT – a government tax on home purchases.
The conveyancer fees include Land Reg fees and property search fees, plus a number other costs that will be included as disbursements within the conveyancers quote. The conveyancer or solicitor sum-up all the required bills and make you aware of the final cost.
Leasehold and Flat Conveyancing Chickerell
If you are purchasing/selling a leasehold house or flat it is essential that you use a good and experienced Conveyancing Solicitor. With Leasehold property sales the process is slightly more convoluted than a freehold property. That’s why you’ll notice the cost for the legal service for leasehold transactions, offered by Conveyancers, is marginally more expensive. You’ll need to pay more money for there is considerably more tricky work required. A leasehold conveyancing process will usually take more time to complete.
Chickerell Remortgage Conveyancers
Our trusted property lawyers have completed hundreds of remortgages in Chickerell. Our carefully selected list of remortgage conveyancing solicitors can act for almost all Mortgage Lenders in England and Wales. They act quickly and have some of the lowest UK timelines for remortgage conveyancing.
Property Transfer Insurance
Conveyancing Solicitors use Indemnity insurance during conveyancing transactions to protect against any kind of problems with the house that can not just be fixed quickly, or resolved at all. Conveyancing indemnity insurance covers the purchaser and the mortgage provider in case of any decrease in value on the property purchased as a result of any kind of defect or issues. 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.”
About Chickerell
(from Wikipedia).
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 Chickerell (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.
Dorset is a county in South West England on the English Channel coast. The ceremonial county comprises the non-metropolitan county, which is governed by Dorset County Council, and the unitary authority areas of Poole and Bournemouth. Covering an area of 2,653 square kilometres (1,024 sq mi), Dorset borders Devon to the west, Somerset to the north-west, Wiltshire to the north-east, and Hampshire to the east. The county town is Dorchester which is in the south. After the reorganisation of local government in 1974 the county's border was extended eastward to incorporate the Hampshire towns of Bournemouth and Christchurch. Around half of the population lives in the South East Dorset conurbation, while the rest of the county is largely rural with a low population density.
The current average value in Dorset in May 2017 is £326,511. This has increased 0.88% from February 2017. Terraced properties sold for a current average value of £249,231 and semi-detached properties valued £279,887. In the past year property prices in Dorset have increased 2.32%. This is according to the current Zoopla estimates.