Conveyancing Solicitors in Gillingham
When purchasing, selling or remortgaging a home in Gillingham, it would be wise to instruct a conveyancing solicitor to manage the paper work and legal stuff.
Our panel of conveyancing solicitors have a large amount of experience in conveyancing in Gillingham and throughout Dorset. Our recommended group of property lawyers have a efficient approach, and they finish transactions faster than other conveyancers.
Payments for buying a home
The conveyancing solicitor will help you towards the first stages of purchasing – agreeing on the contract and exchanging contracts for the property purchase. This will involve putting down a deposit, this is usually around 5%-10% of the final sale price.
The conveyancing process includes a number of bills to meet, including mortgage costs, before the purchase is finalised. In most sales the major cost will be Stamp Duty – a UK Government tax on land buying.
There’s also Land Reg costs and local authority searches, and various other costs that are included as disbursements within the conveyancers quote. The conveyancer or solicitor calculate all the bills and make you aware of the final cost of moving.
Leasehold and Flat Conveyancing Gillingham
If you are purchasing/selling a leasehold home or property it’s even more important you use a capable and skilled Licensed Conveyancer. With Leasehold property transactions the legal work is slightly more convoluted than a freehold house. This makes the cost for the legal work on Leasehold properties, from Conveyancing Solicitors, is a little more expensive. You’ll pay more money for there is a bit more tricky paper work included. A leasehold transactions often will slow down and take a little more time to finish.
Gillingham Remortgage Conveyancers
Our trusted conveyancers have completed hundreds of remortgages in Gillingham. Our panel of remortgage conveyancing service providers can work for nearly every UK Mortgage Lenders. They work fast and have one of the shortest UK timeframes for remortgage conveyancing.
Indemnity Insurance
Conveyancers use Indemnity insurance for conveyancing processes to protect against any legal issues with the house that can’t be fixed swiftly, or can’t be fixed at all. Conveyancing indemnity insurance covers the purchaser and the mortgage provider in case of any loss of value on the property or land as a consequence 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 Gillingham
Gillingham i/ˈɡɪlɪŋəm/ is a town and civil parish in the Blackmore Vale area of Dorset, England. It lies on the B3095 and B3081 roads in the North Dorset administrative district, approximately 4 miles (6.4 km) south of the A303 trunk road and 5 miles (8.0 km) northwest of Shaftesbury. It is the most northerly town in the county. In the 2011 census the civil parish had a population of 11,756. The neighbouring hamlets of Peacemarsh, Bay and Wyke have become part of Gillingham as it has expanded.
Gillingham is pronounced with a hard initial ‘G’ as in ‘Goat’, unlike Gillingham, Kent, which is pronounced with a soft ‘G’ as in ‘Germany’.
(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 Gillingham (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.
