household survey

Importance and Types of Household Survey

A real estate transaction is a very important business. No matter what you may be buying or selling, your home, a business office or a residential, there is much money riding on the success of the transaction. To carry out a successful transaction you will need to ensure that the valuation is correct. You will thus have to carry out a complete household survey of the property.

A Chartered Surveyor is needed to finalise the survey in a timely manner. If done correctly the survey could save you much money in term of repairs, and this could help you to renegotiate the terms of your offer.

An RCIS surveyor could come in handy and help you in the survey process, he/she will help you with the issue you with a survey report. You will also be able to discuss the results of the study with the independent surveyor.

Types of House Survey

There are various types of house surveys depending on a variety of factors. At this point, there are only two types that really matter to a buyer or a seller. These are a HomeBuyer Report and a Building Survey.

HomeBuyer Report

The HomeBuyer Report replaced the HomeBuyer Survey and Valuation (HSV) report in March 2010, many people do still call it the Homebuyers Survey. It is the most suitable survey for modern and conventional buildings that are in reasonably good condition. If an older property is involved, then they have to be in a reasonable state. This survey will rate the conditions of all the permanent structures found on the piece of property.

It will highlight all the problems relating to the property that could affect its value and also includes insurance rebuild and valuation costs. The surveyor will also continue giving advice pertaining to the maintenance of the property.

Building Survey

Another important household survey, this is also known as a Full Structural Survey and is the most detailed of the two. It is more thorough and is adapted to suit your specific needs. This survey also does not have a particular format as each surveyor has his/her own way of presentation. This survey can be applied to even the oldest types of properties that are dilapidated properties that need many repairs. It can be very useful for those looking to convert or renovate a piece of property as you will be able to get a clear picture of the money needed to make alterations to the piece of property.

Lender’s Survey

The lender will also have to carry out their own survey to determine if the property is worth financing. Once you have made a request for a mortgage the surveyor will be sent to the property to determine the amount to be negotiated.

Surveying is an important part of a transaction. If done well a proper survey can help you save a lot of money.

housing solicitors Brighton

Significance of the Housing Solicitors in Brighton

Brighton is one of the areas in the UK where the demands houses are continuously surging. People from all around the UK come to purchase houses in this area. It is quite obvious that the houses whether freehold or leasehold are costly. However, there are many important things than the price that should be looked into while purchasing the house. However, everything cannot be perfect every time, and these are called as housing disputes. It can be during the stay in Brighton, during the conveyancing or just after getting shifted to the property for rent or lease. At this time, you need the support of well knowledgeable housing solicitors to tackle the cases.  The disputes can be of wide ranges, but a quality housing law solicitor must be capable of handling everything by his or her own at the court.

What Do Housing Solicitors do?

Housing Solicitors are vital for the people who are fighting for the housing disputes. The housing solicitors are meant to fight the legal arguments for the housing property in the Brighton area. The housing disputes can be of different ranges and various topics and most importantly these are for the tenants, boundary, planning violations and others. The conflict of the properties can be for the freehold, leasehold and even common hold properties in the area.

The Housing Solicitors are entitled to represent the dispute cases in different courts. However, the housing solicitors can also provide alternative solutions by reaching an agreement with both the parties. The arbitration and the out of court settlement can be facilitated by the housing solicitor. A housing solicitor is accredited to take care of all the legal aspects of the house or the property. If you are looking for something other than housing disputes, then they can take care of conveyancing as well. The best part of the housing solicitors in Brighton is that it can take care of all the legal aspects of the housing properties and you can get the solicitors in affordable price as well.

How are housing solicitors different?

The housing solicitors are different from the conveyancers and property solicitors. The difference is slight, but the significance is large. The conveyancers can only look after the conveyancing process and cannot take care of the legal disputes. The property solicitors can eventually take care of property related issues whether conveyancing or disputes. The Housing Solicitors are like property solicitors but only deal with cases irrespective of freehold, leasehold or commonhold. So, overall, if anyone is dealing with any housing property in the Brighton, then the housing solicitors can be contacted for conveyancing disputes to mortgage issues.

Brighton has scores of solicitors available to handle many cases. One must verify the experience, credibility, fees and the reputation before choosing the best one.

darlington property solicitors

Conveyancing with Darlington property solicitors

Located in the North Eastern part of England Darlington is a town well known for the booming industry especially in engineering and technology. With such a successful industries the town has attracted people seeking employment. It is as per 2011 home to more than 101,000 people. As a growing town, real estate is always very lucrative. Darlington property solicitors are thus not short in supply in the town so as to meet the demand for solicitors. As many as they are one has to be careful to make the right choice when choosing a solicitor in Darlington. Here are some of the reputable solicitors in Darlington.

Close Thornton Solicitors

With over 60 years of experience, Close Thornton Solicitors Darlington is arguably one of the oldest and the most renowned solicitor firm within Darlington and even in the surrounding areas of North Yorkshire and South Durham. Its main offices are found along 2 Duke Street and are open until 5.00 pm. It is however not restricted to real estate solicitors. As a law firm, they have a large pool of labour with lawyers specialised in different areas. They are therefore the go-to people for buyers or sellers who may have complicated cases that need the expertise of a different kind of lawyer.

Latimer Hinks Solicitors

Latimer Hinks is another big player in Darlington. They also have a large pool of lawyers at their disposal with excellent service delivery. Their offices are located on 5-8 Preistgate and remain open until 5.00 pm during the week. Latimer Hinks deal exclusively in real estate. They offer a variety of services all within the housing sector. This includes family real estate, farmers, landowners and landed real estates, etc. This is the kind of place to go if you want your case handled fast in Darlington.

Hewitts Solicitors

Hewitts has also served the residents of Darlington for more than 60 years. They deal with various areas of real estate law and through the website, they offer much information about the kind of services they offer. Their services traverse from residential property, agriculture, employment law, mental health, etc.

Key Legal Darlington Solicitors

Their main office is found at 34 Duke Street. The firm offers a range of services in real estate law and boasts of a very professional staff. Although not as many as other peer firms, they offer one of the best facilities in the town.

Darlington town is awash with great talent as far as real estate law is concerned. As a buyer or a seller you should find no problem in the search for a suitable conveyancer for you.

Law Society Solicitor

The Law Society Solicitor for Home Conveyancing

When selling or buying a house, the process is long and sometimes tricky, with all the steps to be followed, the solicitor and all the papers to be taken care of. The best way to go through this situation is to hire either a solicitor or a conveyancer. With so much information about you, how can you be sure you chose the right one. A solicitor is a confidential adviser who provides varied type of legal services, from selling a house to representing clients in the court. Regulated by the Solicitors Regulation Authority and the Law Society, they have high quality and service standards. It usually costs more to work with a Law Society solicitor, but it might pay better forward. The route to being a solicitor requires an extensive time of academic studies and training before qualification.

Earning Law Society Solicitor accreditation

As a non-graduate, they can apply at the Chartered Institute of Legal Executives (CILEx), which is the governing body for chartered legal executives and then complete the Legal Practice Course. The LPC is necessary because it will prepare for the practical parts of the job. The recognised training is usually as long as two years, and they must work as a trainee in a solicitor firm, to gain experience and knowledge.

As graduates, they must go through the LPC and the recognised training period. The Professional Skills Course is mandatory for both non-graduates and graduates and requires completion during the training time. The SRA offers a list of institutions, where they can choose the proper law degree, according to their future plans.

As you can see, there’s a lot of work involved in becoming a solicitor and even more, to become a Law Society solicitor. The extensive, comprehensive legal knowledge sets the Law Society solicitor as a preferred option: while the Licensed Conveyancer is trained for a particular part of the law, the solicitor will have a wider perspective on a legal situation.

Benefits of getting Law Society Solicitor

The Law Society Conveyancing Quality Scheme sets the standards in quality when it comes to conveyancing. Since its beginnings, all the firms part of the CQS are accurately examined and tested, following knowledge, skills, experience and practice, to be sure they can provide the best service. The Law Society solicitors are rigorously checked, so you do not have to worry about not getting the best support there is.

When you choose a CQS accredited solicitor, you are reassured to receive high-quality services, from a knowledgeable staff, who can offer legal advice, with all the costs upfront. Even lenders like HSBC, Santander, Clydesdale and Yorkshire Bank added the firms on their panel.

Even though the Law Society does not offer any legal advice on their website you can look for a regulated Law Society solicitor for free.

selling shared ownership

Guide to selling shared ownership

In case you want to make a move from your shared ownership to an entirely new house, you will want to sell your shared ownership property. This may be the tricky affair as you do not own the whole property and are selling just the portion that you had fully paid. Keeping in mind that you maybe had made some serious steps regarding paying for the rented part of the house also. So how does one go about selling shared ownership property?

The Steps of selling shared ownership

To sell your home, you will first need a valuation of the piece of property. Under a shared ownership scheme, this might be a bit challenging, and you will need the services of a professional surveyor. Your housing provider will make recommendations on the surveyor to choose. Most of the times it is prudent to select from the list of surveyors that the provider offers. The cost of the whole process will be forwarded to you before it starts. The surveyor will visit your home and do a complete survey of the entire home. He/she will then set a price for the part of the property you own that will then go to the housing provider.

There are instances however when the seller will disagree with the valuation. If you think that the property has been underpriced or overpriced, you can forward your concerns to your housing provider who will then challenge the surveyor by providing three similar properties.

After the evaluation completes, you will have to fill out a contract of sale. Into you will need to include details of your solicitor or conveyancer that will be acting on your behalf. If you bought the property with someone else you will also have to incorporate them in the contract.

An Energy Performance Certificate is then needed, this you can get from an Energy Performance Certificate provider. It is a compulsory statement that shows the energy efficiency of the home and any recommendations on how to improve the home’s energy efficiency. Within the first 28 days of listing your property, the EPC must be ready.

The details of the property will be listed on the housing provider’s website during which potential buyers can view the details and contact you. The housing provider will then nominate a suitable buyer and at that point you can sell.

Buying shared ownership

The buyer, however, has to go through the regular process of purchasing the house. They have to be approved financially by the housing provider and after that, the housing provider will send their details to your solicitor. The buyer will have 12 weeks to complete the purchase of the property; he will agree with your solicitor or conveyancer on the completion date. Moreover, this is how selling shared ownership property goes. It is not straightforward as selling a freehold property, but it should not be too complicated with the help of an experienced conveyancer.

comparing online quotes

How do I choose my conveyance firm, when comparing online quotes?

One of the most important aspects of conveyancing is finding a moderately priced company, which offers cheap conveyancing quotes.  In a big city as London, this might be a bit more difficult, considering the number of firms and the different offers they advertise. This is why we recommend comparing online quotes before you make your decision.

What you want is a website that will do the job for you: compare all the quotes, so you can choose the firm that best suits you and make your job easier and worry-free. You can ask your real estate agent or financial adviser, but if they are usually working with a certain solicitor or a specific conveyancing firm, it can mean that they get a share of the commission, which makes that particular choice better for them and not for you.

Because the quote quality is different in any single case. Based on the area, your status (freehold owner, shared property owner), the household status (freehold or leasehold) and the house’s value. We have put together a list of well-known conveyancing websites and firms for you to find the cheapest option. This will make comparing online quotes slightly easier for you.

  • The Homeowners Alliance (http://hoa.org.uk/services/homeowners-alliance-conveyancing/) offers free, individual tips and advice, a forum where you can discuss with other homeowners that might have been in your situation and can help you with new, practical information. The tools they are using will help you check the house price, find a tradesman and compare conveyancing quotes. No hidden fees, a panel of more than 150 regulated conveyancing firms, multilingual support, dedicated guide through the process and even more, the quote will follow a 3-items comparison: best price, customer rating and location. If you are a member, you can also get discounts.
  • Compare and Convey (http://www.compareandconvey.co.uk/) gives you the opportunity to deal with a solicitor, without visiting his office. They have negotiated discounted prices when using their online service, meaning that if you choose to go directly to the same solicitor, you will pay more. Moreover, if the sale, purchase and or re-mortgage does not go through, you will not pay any fees. The contracts the solicitors signed with the firm obliges them to offer high standard services and transparency at all times. It is not free but does offer the guarantee of a well-done
  • HenryHyams Solicitors in Leeds (http://www.henryhyams.com/) is one of the cheapest conveyancing firms on the market. They started with a small office in 1930 and managed to expand into a stable business that won the Yorkshire Legal Awards in 2015. You can contact them on their website and from then on, a solicitor will carefully watch your case, to be sure you are on the fastest and easiest way from A to B.
  • When You Move (https://www.whenyoumove.com) With an app for the customer to be in constant contact with the firm and an online chat service, this firm seems to make its way on England’s property market, after acquiring MovingAhead. You can check the progress of the move at any time. They are accredited by the Council for Licensed Conveyancers, and they have “no move, no fee” rule.
  • Meaby & Co (http://www.meaby.co.uk/) is authorised and regulated by the Solicitor’s Regulation Authority, and they offer a range of services, from conveyancing to banking disputes. All the fees will be broken down in advance, so you will know exactly what the costs will be. You can contact them by phone or face to face, whatever suits you best.
  • Wilkins Solicitors (http://www.wilkinssolicitors.co.uk/) This independent firm does not work with any Estate Agents, so no hidden fees on your bill. They give you a prior offer, with particular mentions that might raise the cost until the end of the process. Once you pick a solicitor, you will work only with him, which makes the situations easier, having someone on your side who knows all the details.

Most of them offer similar services such as sale & purchase, sale only, purchases only, re-mortgage or transfer of equity. With a bit of research after comparing online quotes, you can find which conveyancing firm suits your budgets and need.

Conveyance Taxes: What Should You Know?

The transfer of property from one party to another can be a rather lengthy and complicated process. Perhaps the most daunting tasks during the transaction are the conveyance that includes with it a lot of taxes. Different countries around the world have their own system of taxing real estate when it is transferred but no matter the country tax is usually included in any real estate transaction. Similarly in the UK, the conveyance taxes depend on a range of things like property price, and or different local rates.

Conveyance Taxes in Brief:

Also called estate transfer tax, conveyance tax is the tax charged on the transfer of property at any level be it county, state or municipal. It is usually calculated as part of the sales price. The higher the transaction, the larger the amount of tax one has to pay such that if a piece of property is sold at a very low cost or if is even free as in the case of family members then there will be little to zero tax imposed.

The conveyance tax as stated earlier is imposed differently depending on a variety of factors. It may, for instance, rely on the type of property that has been or is being transferred. The different types of property are residential, unimproved land or nonresidential land. It may also vary from one region to another in one country. For instance, there are some areas in the UK where the conveyance tax rate is flat. In others, the conveyance tax is even non-existential at the federal level and only imposed at the local level.

The primary factor, however, is the value of the property. Transactions that reach the millions of pounds range may most definitely taxed much more than say one trying to buy or sell a home that is worth only a few thousands. However, the percentage of tax is still a factor that varies.

Now the conveyance process goes through some processes and in some of them you will be required to pay tax. You will, for instance, be necessary to pay the land registry tax when registering your property once it has been acquired.

Conveyance Tax and Conveyancing

Some conveyance firms may prefer just to aggregate the total tax from each process and present you with a comprehensive statement so as to make it easier for you to pay. When you start the transaction, it is important that you consult with your conveyancer. So as to get a clear picture of the amount of tax you will have to pay during the transaction.

Property Law Solicitors

How Property Law Solicitors can save conveyancing troubles

Transfer of property or conveyancing is the necessary process to own a house. It does not matter that you want to go for freehold or the leasehold properties, but the conveyancing is mandatory in the United Kingdom. This is the process to complete all the legal formalities to transfer the property from the seller to owner. However, during the course, there can be legal complexities and to deal with that Property Law Solicitors are required. The role of property law solicitors come after the conveyancing process runs into trouble for legal complications.

Legal Complexities before the conveyancing

The legal complexities during the conveyancing can start during the conveyancing and after the conveyancing process as well. The Property Law Solicitors are helpful in both the situations. As a seller, if you face issues like rent recovery, deposit disputes, claims of disrepair, service recovery and others then the solicitors can solve the problems with various approaches so that you can go for the conveyancing process. There can be different solutions like arbitration, litigation, negotiation and even settlement before the solicitors work for the dispute at the court. Tenancy occupancy and illegal occupancy are also under the restrictions of the property law. The legal complexities before the conveyancing involve the seller rather the buyer.

Legal Complexities during the conveyancing

There can be different legal obstructions during the conveyancing process. The title of the property is the most common reason for the dispute, and the property law solicitor needs enough experience to handle the situation. The title of the property is the name of the owner of the property. However, sometimes, it may not be in the name of the seller, and that can be real challenging. There can be a dispute regarding the same if it does not settle. There can be legal allegations for unlawful occupancy of the present owner of the property, and the concerned authorities may raise many questions about the planning of the house, environmental compliances, and others if these are not well executed. A conveyancing solicitor may not be able to handle all the situation that involve the Housing Act or the other property laws. A dedicated property law solicitor is capable of understanding and solving the various legal issues during and after the conveyancing period as well.

Why Property Law Solicitors are required?

There are various reasons for such solicitors. The first and foremost thing is the knowledge of the property laws. There are many conditions where the property gets into legal trouble. The conveyancing solicitors do not have the right exposure to handling the legal aspects of the property dispute. The dedicated property law solicitors, however, can be highly efficient to manage the conflict. Property dispute is much greater than the conveyancing process, and thus the significance of the property law solicitors is high.

countrywide conveyancing services

Countrywide Conveyancing Services all over the UK

Conveyancing is an important service all over the UK. Many people when buying or selling a home know how hard it is to get your legal work done. You need specialists who will ensure that all your legal documents are in order also checking the details of the transaction against the existing laws. It is thus imperative that one has the very best professionals working on their transaction as many mistakes done on the legalities of a deal might result in grave consequences for both the client and the conveyancer or the solicitor.

For companies or individuals who have a variety of property or prospective property in various places all over the country, you will need a conveyancer who operates all over the country. There is an option of choosing conveyancers who specify in a region or an area but the cost, the effort and the time you need will be long. You will have to search for a conveyancer in each region determining whether they are fit for you and after that, there is always the fees which vary from one service provider to the other and even from one area to the other.

It is, therefore, more prudent to choose a firm that operates all over the country as they have more resources to handle the transactions and will save you the logistical nightmare. The cost will also be lower since many of them might offer discounts when it comes to major deals. Firms operating countrywide will also come in handy to those who are planning to move from one area to another in the country. Dealing with them will be much easier, and they will have a better chance of finding a home that suits you.

Now many service providers are operating countrywide but as in any industry there are those that have built for themselves a reputation of excellence service, these are the ones that top the list.

  1. Countrywide Conveyancing Services

This is one of the leading transactional service providers in the country with offices in all the major cities. They pride themselves in hiring only the best conveyancers in the industry and thus offers have become known as the “the most successful property lawyer firm in the UK.” Their services range from sales and purchase to re-mortgage. Their statistics are also very impressive with over 60,000 to 100,000 completions every year.

  1. NBM Law

NBM has been one of the leading countrywide conveyancing services in the UK. Operating through many branches in many leading cities of the country. You can find them offering online and offline conveyancing service. They are often referred as the most cost-effective conveyancing service in the country.

Available for contact through their site, phone and email you can get quotes through a medium of your choice. And their online case tracking system makes it easier to check the progress from anywhere.

  1. Latimer Lee

Latimer Lee has been in the industry for over 75 years and boasts of providing one of the best customer experience. Their staff is very professional, and their fees are also very pocket-friendly to the everyday customer. They as well have countrywide conveyancing services.

  1. Bird and Co Solicitors

Based in Oxford, this firm boasts of having a friendly approach to customer service. Their lawyers are trained to be easily sociable and will make you feel comfortable. This quality has enabled them to gain quite a following all over the country.

House Purchase Fees

House Purchase Fees – What you need to know

It is time to buy a new home, and you have chosen the city of Kent in South England. However, do you know all the house purchase fees when getting a home?

Buying a property is such a great moment in life; the whole process of purchasing can be very exciting. From choosing the right neighbourhood until the completion when you are exchange keys and being ready to move in.

However, before getting to the best part, which is receiving the keys, you need to overcome many obstacles on the way. In other words, just because you have the amount of money asked for the house, doesn’t mean it is a complete and done deal for you. Some fees and costs need to be paid to finalise the process of buying a property. Be sure to you have saved enough money to afford not only the house or mortgage but also the upfront costs of the purchase of your new home.

The Major Purchase Fees

Firstly, let’s talk about the major costs. The first one you should have in mind is the deposit; it will likely require a minimum of five to twenty percent of the purchase price of the house. Then there’s the stamp duty, which is a government tax you need to pay when you are buying a house that costs over £125,001. A valuation fee is another cost to keep in mind; the costs of this fee will vary from £150 to £1,500. The mortgage lender will establish the cost based on the value of the property.

Another purchasing fee you likely to be facing is the surveyor’s fee, this could cost you from £250, and it can go up to £600 or even more. The surveyor’s fee is an important service where you get the house checked out before buying it. It will clarify if there are any issues with the house. Moreover, there is some legal work when selling and buying a house that only solicitors can conduct, and for that reason, you will likely be facing some legal fees, those could go from £250 to £300, but depending on the area it could be more. Together with the legal fees, there is also the VAT, and with those taxes included you could be facings from £500 to £1,500.

The buyer typically needs to cover the lender’s cost of transferring the money; this is known as the electronic transfer fee, and usually costs from £40 to £50. There’s also the removal cost; although it is something you could probably do by yourself, most people have the solicitors doing it for them. The replacement cost is around £300 to £600.

Conclusion

Keep in mind other expenses are not as significant as the above, but you are likely to find them in the buying process. Mortgage fees, for example, may include the booking fee which is £99 to £250, arrangement fee that could go up to £2,000 and also the mortgage valuation fee, usually £150 but maybe more. There are some other ongoing costs, things that might only appear during the process of buying a house.

Buying a property is the realisation of a dream, and for that reason, it must be well thought. Having all the costs and fees figured out will help you not to be facing major issues such as paying more than expected or even having to give up on the dream.