Conveyancing Solicitors in Portland
If you are buying, selling or remortgaging a home in Portland, you’ll need to instruct a property lawyer to handle the legal stuff.
Our panel of conveyancing solicitors have many years of experience in property law in Portland and throughout Dorset. Our highly recommended group of property lawyers have a efficient approach to work, so they complete the process within far less time than conveyancers not on our panel.
Payments and Deposits for purchasing a property
The conveyancer or solicitor will be able to help you through the first stage of buying – agreeing on the contract and exchanging for the property purchase. You’ll usually have to put down some money as a deposit, usually around 5%-10% of the agreed sale price.
Buying includes other bills to pay, including mortgage fees, before the transaction is complete. The biggest cost is the stamp duty land tax – this is a government tax on land transfers.
There’s also Land Reg fees and property search fees, plus a number other costs that will be included as disbursements. The conveyancer or solicitor will add up all the required bills and let you know the overall cost of moving.
Leasehold Conveyancing Portland
When purchasing/selling a leasehold house or property it’s essential that you have a capable and proficient Conveyancer. Leasehold property sales the legal work can be a little more complicated than a freehold home. This makes the price for legal work , from Conveyancing Solicitors, is more expensive. You will need to pay more money as there is more time consuming conveyancing work involved. A leasehold transactions normally do slow down and take a little more time.
Portland Remortgage Solicitors
Our highly rated conveyancers have completed hundreds of remortgages in Portland. Our carefully selected list of remortgage conveyancing solicitors can act for nearly every mortgage lender in the UK. Our conveyancers work quickly and have some of the shortest UK timeframes for remortgage conveyancing.
Indemnity Insurance
Conveyancers come with Indemnity insurance for conveyancing processes to insure you from some sort of legal issues with the property which can’t be fixed quickly, or resolved at all. Conveyancing indemnity insurance protects the purchaser and the mortgage provider if any loss of value on the property or land as a result of any 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.”
About Portland
The Isle of Portland is a limestone tied island, 6 kilometres (4 mi) long by 2.7 kilometres (1.7 mi) wide, in the English Channel.[2] Portland is 8 kilometres (5 mi) south of the resort of Weymouth, forming the southernmost point of the county of Dorset, England. A barrier beach called the Chesil Beach joins it to the mainland. The A354 road passes down the Portland end of the beach and then over the Fleet Lagoon by bridge to the mainland. Portland and Weymouth together form the borough of Weymouth and Portland. The population of Portland is 12,400.
Portland is a central part of the Jurassic Coast, a World Heritage Site on the Dorset and east Devon coast, important for its geology and landforms. Portland stone, famous for its use in British and world architecture, including St Paul’s Cathedral and the United Nations Headquarters, continues to be quarried.
(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 Portland (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.
