Conveyancing Solicitors in Shaftesbury
If you are buying, selling or remortgaging a home in Shaftesbury, we recommend that you hire a conveyancing solicitor to manage the legal aspect of property transfers.
Our carefully selected group of conveyancing solicitors have years of experience in property law in Shaftesbury and throughout Dorset. Our recommended group of conveyancing solicitors have a efficient approach, and they finish sales within far less time than other conveyancers.
Payments and Deposits when purchasing a property
Your conveyancer will be able to guide you towards the legal stages of purchasing – signing the sale contract and exchanging with the seller. This will involve putting down some money as a deposit, usually about 5%-15% of the final sale price.
There will be other extra fees to pay, including mortgage fees, before the purchase is finished. In most sales the largest cost will be Stamp Duty – a UK Government tax on home buying.
Other fees include Land Registry costs and local authority searches, and a number other fees that will be included as disbursements. Your conveyancer or solicitor calculate all these fees and make you aware of the overall price for buying.
Leasehold Property Conveyancing Shaftesbury
If you’re buying or selling a leasehold house or property it’s important that you have a competent and experienced Conveyancer. Leasehold property sales the conveyancing process is slightly more complex than a freehold property. Therefore the average cost for the conveyancing service for leasehold transactions, offered by Conveyancing Solicitors, is marginally more expensive. You will spend a little more money for there is a bit more tricky paper work included. A leasehold transactions normally do slow down and take a little more time to complete.
Shaftesbury Remortgage Conveyancers
Our trusted conveyancing solicitors have completed hundreds of remortgages in Shaftesbury. Our recommended list of remortgage conveyancing solicitors can work for 99% of Mortgage Lenders in England and Wales. They act fast and have one of the shortest UK timeframes for remortgage conveyancing.
Conveyancing Insurance
Conveyancing Solicitors use Indemnity insurance for conveyancing processes to protect against any kind of problems with the house that can not just be resolved quickly, or can’t be resolved at all. Conveyancing indemnity insurance protects the property buyer and the mortgage lender in the event of any decrease in value on the property as a result 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.”
About Shaftesbury
(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 Shaftesbury (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.
