Conveyancing Solicitors in Weymouth
If you are purchasing, selling or remortgaging a home in Weymouth, you should instruct a property lawyer to handle the legal aspect of property transfers.
Conveyancing Pro’s selected group of conveyancing solicitors have many years of experience in conveyancing in Weymouth and throughout Dorset. Our award winning panel of Licensed Conveyancers have a proactive approach, this makes complete legal transactions within far less time than other firms.
Payments for buying a property
Your conveyancer or solicitor will be able to help you through the first stages of purchasing – signing the contract and exchanging contracts with the seller. The buyer will be required to put down some money as a deposit, usually about 5%-15% of the agreed sale price.
There will be other extra fees to pay, including mortgage fees, before the sale is finalised. Usually the largest cost is the stamp duty land tax – a government tax on home buying.
There’s also Land Reg costs and local authority searches, and a number different fees that are included as disbursements within the conveyancers quote. The conveyancer or solicitor sum-up all the fees and let you know the overall cost of moving.
Leasehold and Flat Conveyancing Weymouth
If you are purchasing/selling a leasehold house or flat it’s even more essential that you instruct a capable and skilled Conveyancing Solicitor. Leasehold property transactions the legal work is a little more convoluted than a freehold house. That’s why you’ll notice the cost for legal work on Leasehold properties, offered by Licensed Conveyancers, is more expensive. You have to spend a little more money for there is considerably more tricky work required. A leasehold sales often do take more time to finish.
Weymouth Remortgage Solicitors
Our highly rated property lawyers have completed hundreds of remortgages in Weymouth. Our carefully selected list of remortgage conveyancing solicitors can act for 99% of mortgage lender in the UK. They work quickly and have some of the shortest UK timeframes for remortgage conveyancing.
Property Transfer Insurance
Conveyancing Firms come with Indemnity insurance during conveyancing transactions to cover some sort of legal defect with the property that can’t be resolved swiftly, or can’t be fixed at all. Legal indemnity insurance covers the buyer and the mortgage lender in case 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 Weymouth
Weymouth /ˈweɪməθ/ is a seaside town in Dorset, England, situated on a sheltered bay at the mouth of the River Wey on the English Channel coast. The town is 11 kilometres (7 mi) south of Dorchester and 8 kilometres (5 mi) north of the Isle of Portland. The town’s population is 52,323 (2011). The town is the third largest settlement in Dorset after the unitary authorities of Bournemouth and Poole.[2]
Weymouth is a tourist resort, and its economy depends on its harbour and visitor attractions; the town is a gateway situated halfway along the Jurassic Coast, a World Heritage Site on the Dorset and east Devon coast, important for its geology and landforms. Weymouth Harbour has included cross-channel ferries, and is home to pleasure boats and private yachts, and nearby Portland Harbour is home to the Weymouth and Portland National Sailing Academy, where the sailing events of the 2012 Olympic Games and Paralympic Games were held.
(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 Weymouth (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.
