Conveyancing Solicitors in Dorchester
Whether you’re buying, selling or remortgaging a property in Dorchester, it would be wise to hire a solicitor or conveyancer to handle the legal aspect of property transfers.
Conveyancing Pro’s selected group of licensed conveyancers have a large amount of experience in conveyancing in Dorchester and throughout Dorset. Our highly rated panel of solicitors/conveyancers have a highly proactive approach, so they complete transactions within far less time than different firms.
Payments and Deposits for purchasing a property
Your selected conveyancer or solicitor will be able to guide you through the legal stage of purchasing – negotiating and signing the sale contract and exchanging contracts for the property purchase. This will involve putting down some money as a deposit, this is usually around 5%-15% of the final price.
There will be a number of bills to meet, including mortgage lender fees, before the sale is finished. In most sales the major cost will be SDLT – a government tax on home purchases.
There’s also Land Registry fees and land and property searches, and a number other fees that will be included as disbursements. The conveyancing solicitor sum-up all the required bills and make you aware of the overall cost of moving.
Leasehold Property Conveyancing Dorchester
If you’re purchasing/selling a leasehold house or apartment it is important that you use a good and proficient Licensed Conveyancer. With Leasehold property transactions the process is a little more complicated than a freehold property. That’s why you’ll notice the price for the legal service for leasehold transactions, from Licensed Conveyancers, is marginally more expensive. You have to pay more money as there is a lot more tricky work involved. A leasehold legal transactions will usually take more time.
Dorchester Remortgage Solicitors
Our highly rated conveyancing solicitors have completed hundreds of remortgages in Dorchester. Our trusted panel of remortgage conveyancing solicitors can work for nearly every mortgage lender in the UK. carefully selected panel of Conveyancers act quickly and have one of the shortest UK timeframes for remortgage conveyancing.
Conveyancer Indemnity Insurance
Conveyancers come with Indemnity insurance during conveyancing processes to protect against some sort of problems with the house which can’t be resolved swiftly, or can’t be fixed at all. Conveyancing indemnity insurance covers the purchaser and the mortgage lender in the event of any decrease in value on the property or land as a result of any kind of defect or problems. 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 Dorchester
Dorchester (/ˈdɔːrtʃɛstər/ DOR-ches-tər) is the county town of Dorset, England. It is situated between Poole and Bridport on the A35 trunk route. A historic market town, Dorchester is on the banks of the River Frome to the south of the Dorset Downs and north of the South Dorset Ridgeway that separates the area from Weymouth, 7 miles (11 km) to the south.
The area around the town was first settled in prehistoric times. The Romans established a garrison there after defeating the Durotriges tribe, calling the settlement that grew up nearby Durnovaria; they built an aqueduct to supply water and an amphitheatre on an ancient British earthwork. After the departure of the Romans, the town diminished in significance, but during the medieval period became an important commercial and political centre. It was the site of the “Bloody Assizes” presided over by Judge Jeffreys after the Monmouth Rebellion, and later the trial of the Tolpuddle Martyrs.
(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 Dorchester (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.
